Several significant regulatory changes came into effect in early March 2025, impacting individuals and investors alike. These changes range from daily life to financial planning. This article highlights key updates, from new mutual fund regulations to revised LPG cylinder prices.
Major Update for Mutual Fund Investors
The Securities and Exchange Board of India (SEBI) has implemented substantial changes to the nomination process for mutual funds and demat accounts. From March 1st, 2025, investors can add up to ten nominees to their mutual fund and demat accounts. Nominee addition is mandatory for single-holder accounts. Providing PAN, Aadhaar (last four digits), or driving license number is compulsory for nomination. This rule aims to prevent undisclosed assets and simplify fund transfer to heirs.
LPG Cylinder Price Changes
Oil companies have revised LPG cylinder prices, as usual. Commercial gas cylinder prices have increased by ₹6. In Delhi, a 19 kg cylinder now costs ₹1803. However, domestic LPG cylinder prices remain unchanged.
Will Air Travel Become More Expensive or Cheaper? ATF Price Changes
Oil companies have also adjusted Aviation Turbine Fuel (ATF) prices. A decrease in ATF prices could lead to cheaper air travel, while an increase would likely result in higher flight ticket prices.
Changes in FD Interest Rates
Several major banks have revised their fixed deposit (FD) interest rates. Some banks have increased rates for long-term FDs, potentially benefiting senior citizens and investors. Conversely, some banks have reduced rates for shorter-term FDs.
Easier UPI Payments
A new feature was added for UPI users from March 1st, 2025. Paying insurance premiums via UPI is now simplified. Under the Insurance-ASBA facility, policyholders can now pre-block funds for premium payments. If the insurance proposal is rejected, the funds are automatically unblocked.
Good News for Taxpayers
New tax slabs and TDS (Tax Deducted at Source) rates may have come into effect from March 1st. The government is considering tax relief in certain brackets. These new tax regulations may benefit middle-class taxpayers.
These new regulations, effective from March 2025, will significantly impact the general public, investors, and businesses. The mandatory nomination for mutual funds and demat accounts, along with LPG price hikes and FD rate changes, will affect people's finances. The new rules also include facilitated insurance premium payments via UPI and potential benefits for taxpayers.
