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These financial changes will be held from 1 February, these changes will be done including new UPI guidelines – India tv hindi

Economists are optimistic about the possible rate cut in February RBI monetary review policy.

Photo: India tv Economists are optimistic about the possible rate cut in February RBI monetary review policy.

The month of February in 2025 is going to be important for you in financial matters. Many important events are going to happen in the month of February. It can also affect your budget. The decision of the Union Budget 2025 announcement and monetary policy of the Reserve Bank of India is the most important this month. It is possible to announce some important decisions related to your pocket. Also, you can see other changes including transaction rules from UPI.

General budget will come on 1 February

Finance Minister Nirmala Sitharaman will present the country’s general budget on 1 February. In this budget, the government can make many big announcements and announcements related to economic reforms. The upcoming budget can affect your finance. It is discussed that the Finance Minister can consider increasing the original exemption limit from Rs 3 lakh to Rs 10 lakh, which will provide relief to taxpayers. Also, a proposal can be introduced to implement a new tax slab of 25 percent on income from Rs 15 lakh to 20 lakh, so that it can help reduce tax burden on the middle income group.

RBI can announce interest rate cuts

After an increase of a total of 250 basis points (2.50%) from May 2022 to February 2023, the RBI may announce a policy cut in the Monetary Policy Review during its 5-7 February. However, the central bank has kept its policy repo rate stable at 6.50 percent for the 11th consecutive time. Since April 2023, RBI has kept the repo rate stable, focusing on balanced inflation control with economic growth. Economists are optimistic about the possible rate cut in February policy, mainly due to a decline trend in inflation. The December inflation rate came to a four -month low to 5.22 percent, which is less than 5.48 percent last month.

New rules for Kotak 811 Savings Account Holder

Mahindra Bank, Kotak of Private Sector, will implement changes in its general features and charges from February 1, 2025. Kotak will especially affect 811 savings account holders. Under this, account holders can expect a change in free ATM transaction limits, and many banking services such as demand drafts, RTGS, IMPS, checkbooks and other updated fees.

Changes in UPI transactions also

According to the news of Moneycontrol, according to a guideline by the National Payment Corporation of India (NPCI), from February 1, the UPI Transaction ID will reject all the transactions with special characters. To comply with the UPI technical specifications, NPCI has advised all UPI ecosystem players to create transactions ID using alphonumeric characters only. All participating banks and payment providers need to ensure compliance on this change and avoid disruption of UPI transaction.

Latest business news

(Tagstotranslate) Financial Changes from 1 February (T) RBI REPO RATE CUT (T) Kotak81 Savings Account (T) Tax Planning (T) Sebi (T) SEBI (T) RBI (T) RBI (T) RBI (T) effective from February (T) UPI (T) Union Budget 2025 (T) Financial Changes from 1 February 2025 (T) Budget 2025 (T) RBI’s Monetary Review (T) Kotak 811 Saving Account (T) UPI

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Brijesh Kumar
Brijesh Kumarhttp://Newstiger.in
Brijesh is dedicated to providing timely and trustworthy news, covering everything from politics to pop culture. Offering readers a thoughtful approach to the world around us, Brijesh ensures you never miss a crucial update

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