The month of August is going to start on Thursday. With the beginning of the month, many such rules are going to change, which will directly affect the lives of common people.
With the beginning of the new month, the National Payments Corporation of India (NPCI) is going to make a big change in the rules of UPI. Apart from this, many rules are going to change, about which let us tell you...
UPI rules will change
UPI users will see a big change at the beginning of August. From the new month, UPI users will be able to check their balance only 50 times a day. According to the new rules, if anyone has more than one UPI app, then the user will be able to check their balance only 50 times on each app.
Change in Auto Pay rules
Many people keep some payments on autopay mode to save their time. As soon as the due date arrives, the payment is deducted from the bank account. But now changes will be seen in this too.
According to the new rules, now payment can be processed through auto pay mode only before 10:00 am, between 1:00 pm and 5:00 pm, and after 9:30 pm. At the same time, the user can check the transaction status only 3 times with a minimum interval of 90 seconds.
The beneficiary's name will be visible.
Let us tell you that from August 1, when any user makes a payment to someone's bank account through their UPI, the full name of the beneficiary of that account will be revealed. Its main purpose is to avoid errors and fraud.
SBI's credit card rules will also change
Apart from this, from August 1, the State Bank of India will discontinue the free air accident insurance cover available on many co-branded cards. Meanwhile, the bank has informed that the complimentary air accident insurance coverage of Rs 1 crore currently being offered on users' UCO Bank SBI Card Elite, Central Bank of India SBI Card Elite, PSB SBI Card Elite, KVB SBI Card Elite, KVB SBI Signature Card, and Allahabad Bank SBI Card Elite will be discontinued.
Will LPG prices change?
It is believed that LPG prices may change in early August. Please note that prices are reviewed every month and are revised if officials deem necessary.
RBI will hold an MPC meeting
RBI MPC meeting may be held from 4-6 August 2025. Changes in the repo rate will be discussed and announced in this meeting. Changes in the repo rate affect the EMI of common people.
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