2025 personal finance updates: Key changes in UPI, visa, EPFO, credit card, FD, and others
1 week, 2 days ago

2025 personal finance updates: Key changes in UPI, visa, EPFO, credit card, FD, and others

Hindustan Times  

As the New Year 2025 approaches, it brings with it new changes in areas such as fixed deposit rules, credit card benefits, visa regulations, and more, all of which are important to consider when planning finances. The latest financial changes for 2025 are as follows: 2025 personal finance updates 1) Fixed Deposit Changes The Reserve Bank of India has changed Fixed Deposit rules for non-banking financial companies and housing finance firms. 2025 personal finance updates 3) RuPay Credit card holders lounge access policy The National Payments Corporation of India updated guidelines for RuPay credit cardholders will take effect on January 1, 2025. 2025 personal finance updates 5) Employees' Provident Fund Organisation CPPS is set to be implemented as part of the EPFO’s IT modernisation project, CITES 2.01, with a target operational date of January 1, 2025. 2025 personal finance updates 6) UPI Payment RBI, starting on 1 January 2025, will enable UPI payments for full-KYC PPIs through third-party UPI applications.

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New Year 2025: From UPI to pension, key changes in norms of various sectors in upcoming year | Check details
1 week, 1 day ago

New Year 2025: From UPI to pension, key changes in norms of various sectors in upcoming year | Check details

India TV News  

As the year 2024 ends today, people are set to cheerfully welcome 2025. Here are the key changes that will follow from January 1: UPI The government has extended the transaction limit under Unified Payment Interface from feature phone to Rs 10,000. Rs 2 lakh loan to farmers without guarantee The Reserve Bank of India has announced to provide collateral-free …

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here
1 month, 1 week ago

NPCI unveils new lounge access policy for RuPay credit cards effective January 1, 2025. Details here

Live Mint  

In the recent past, most banks have either reduced the benefits of their credit card reward program or allowed some benefits on spending a specified amount. The National Payments Corporation of India has come up with a RuPay exclusive lounge access policy for RuPay credit card holders. NPCI’s exclusive lounge access policy: Spend-based access The RuPay Exclusive Lounge access will …

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line
2 years, 7 months ago

RBI allows credit cards to be linked to UPI; Rupay credit cards first in line

The Hindu  

The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface, which will enable more people to make payments using the popular platform. "…it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review. He said that Rupay credit …

Prepaid Payment Instruments – The Future Of Online Payments
3 years, 2 months ago

Prepaid Payment Instruments – The Future Of Online Payments

Live Law  

Numerous technological innovations, revolutionary progress in Fintech and the ever-growing use of Prepaid Payment Instruments has led to regular amendments in the Master Directions on issuance and Operation of Prepaid Payment Instruments. To sum up, the major change from the Previous Master Directions is that non-bank PPIs were not allowed to issue Full KYC PPIs, however under the New Master …

RBI releases ’Vision 2021’ for payment systems for ’cash-lite’ society
5 years, 7 months ago

RBI releases ’Vision 2021’ for payment systems for ’cash-lite’ society

Live Mint  

Mumbai: Aiming at a 'cash-lite' society, the Reserve Bank of India on Wednesday released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the number of digital transactions to increase more than four times to 8,707 crore in December 2021. The 'Payment and Settlement Systems in India: Vision 2019 - 2021', with …

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