Every month brings new changes. In this sequence, today i.e. from August 1, some such rules are also changing which can have a direct impact on you. These changes include many important changes in UPI, LPG gas prices and many important rules related to banking. These changes are such that will directly affect your everyday tasks and your pocket. In such a situation, you should know about these important changes in time and plan your plans accordingly.
UPI: Now you will be able to check the balance only 50 times a day
Many big changes are happening in UPI from August 1. The biggest change is that now you will be able to check the balance only 50 times a day. You will be able to see the list of bank accounts only 25 times.
Change in the time of autopay transactions as well.
Frequent UPI autopay transactions like installments, mutual fund SIP, and OTT subscriptions will now be completed only during non-peak hours. The time for autopay transactions will be before 10 am, between 1 pm and 5 pm, and after 9:30 pm. This means that if your Netflix bill used to be deducted at 11 am, now it can be deducted before or after. Similarly, if your UPI payment fails, then you will get only three chances to check its status. You will have to wait for 90 seconds between each attempt.
The name of the recipient will be visible while sending money
Now you will always see the name of the recipient while sending money. This will help in avoiding wrong payment.
The Banking Amendment Act comes into force from today.
The major provisions of the Banking Laws (Amendment) Act, 2025, will come into force from August 1. The amended law aims to improve bank administration and ensure the safety of depositors and investors. To improve audits in public sector banks and to increase the tenure of directors in cooperative banks. Now, public sector banks will be allowed to transfer unclaimed shares, interest, and bond amounts to the Investor Education and Protection Fund.
New trading hours for market repo and tri-party repo operations
Trading hours for market repo and tri-party repo operations will be extended by one hour to 4 pm. The new time will be from 9 am to 4 pm.
No GST on UPI transactions above Rs 2,000
There is also good news for UPI users and that is that there is no proposal to impose GST on UPI transactions above Rs 2,000. Recently some such news came to the fore, after which on July 22, Minister of State for Finance Pankaj Chaudhary said in Rajya Sabha that the GST Council has not recommended any GST on UPI transactions.
25% US tariff will now be applicable from August 7
US President Donald Trump's order to impose a 25 percent tariff on imports from India will now be applicable from August 7. President Trump issued this order late at night. Earlier, the US tariff was to be effective from today (August 1). With this, most of the products exported from India to America are sure to become expensive there. It is believed that this may shock Indian exporters, because America is a big buyer of Indian products, and if the US tariff on the goods sent from India increases, then the citizens there may prefer goods coming from other countries at lower tariff rates instead of Indian products.
Commercial LPG gas cylinder prices cut.
Oil marketing companies have cut the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 33.50, which will be effective from August 1, 2025. After the new prices come into effect, the price of a 19 kg commercial LPG cylinder in Delhi will be Rs 1631.50 from August 1, which is currently priced at Rs 1665.00.
However, common consumers have not got any relief. There has been no change in the prices of 14.2 kg domestic LPG cylinder. The prices of LPG cylinders are reviewed on the first of every month. This time the change has been limited only to commercial cylinders.
Indira Gandhi's death anniversary: Congress leaders paid tribute to the former PM, Rahul said - Grandma, you taught us...
The Congress party paid tribute to former Prime Minister Indira Gandhi on her death anniversary on Friday. Party leader Rahul Gandhi said that Indira Gandhi was fearless and steadfast and taught us
Delhi-NCR Stray Dogs: 'I will look into it, ' said CJI Gavai on the petition related to stray dogs
An appeal was made in the Supreme Court for an early hearing on a petition regarding stray dogs. The petition was filed by the Conference for Human Rights (India) in 2024, challenging an order of the
AQI remains in the severe category today: Moderate air quality was not seen even once in December, and the situation is much worse this year.
A thick layer of smog blankets the national capital, Delhi. According to the Central Pollution Control Board (CPCB), Delhi's Air Quality Index (AQI) today is 463, which falls into the 'severe'
Who will be Mumbai's mayor? The suspense continues in the Mahayuti alliance, as CM Fadnavis reaches Davos amidst talks with Shinde.
Discussions are in full swing regarding who will become the new mayor of the Mumbai Municipal Corporation (BMC). Chief Minister Devendra Fadnavis has left for Davos to attend the World Economic Forum
Hardik Pandya's new girlfriend: These hints prove Mahieka Sharma is Hardik's lady love, and the secret is revealed by the number 33.
After his divorce from Natasha Stankovic, Hardik Pandya's name is being linked with new women every day. First, he was linked with Jasmine Walia. The two were spotted together several times.
Bihar Election 2025: Bihar assembly elections may be held in two phases. Why is the preparation of the Election Commission like this?
Dates for the Bihar Assembly Elections 2025 may be announced today. This time, the election is expected to be held in two phases. The last time elections were held in three phases. This time, due to
Aviva Baig: Who is Aviva Baig? She is interested in photography and could become a daughter-in-law of the Gandhi-Vadra family.
There's a joyous atmosphere in the Gandhi family, as it's believed that Rehan Vadra, son of Congress MP Priyanka Gandhi and Robert Vadra, has gotten engaged. Rehan is said to have gotten engaged to
Gen Z Protest: After Nepal and Sri Lanka, youth protests in Madagascar demand the President's resignation
In Madagascar's capital, Antananarivo, approximately 1,000 young protesters, led by "Gen-Z Madagascar," took to the streets demanding the resignation of President Andry Rajoelina. Police used tear gas
Air Pollution: Delhiites face no relief from toxic air, with AQI remaining in the very poor category; many areas exceeded 400.
Due to falling temperatures in the capital, a rise in pollution is being observed. With favourable weather conditions, pollution remains in the very poor category today. The morning began with haze
Messi Special Post: Shah Rukh Khan is missing from Messi's video, only Kareena Kapoor makes a brief appearance; surprised users reacted with these comments.
Legendary footballer Lionel Messi's India tour has now concluded. After his GOAT India tour, Messi has returned home. But he is still reminiscing about the moments he spent in India. The Spanish
