LPG prices, FD rates, and more—big financial changes from March 1

February is nearing its end. As March begins, many regulations will change in your surroundings. These regulations pertain to finances. From your savings to LPG cylinders, prices will rise for everything. Public holidays will be altered. Starting March 1, 2025, several major rules will be altered.

Change of rules as of March 1: February is nearing its conclusion. As March begins, many regulations will change in your surroundings. These regulations pertain to finances. From your savings to LPG cylinders, prices will rise for everything. Public holidays will be altered. Starting March 1, 2025, several major rules will be altered. Which can impact your finances.

Prices of LPG cylinders

Every month, when a new month begins, oil companies adjust the prices of gas cylinders. Gas cylinder prices will also be announced by the oil companies on March 1 after their review. The updated prices can be published at six o’clock in the morning. Besides LPG, oil companies are also able to modify the costs of aviation fuel, specifically Air Turbine Fuel (ATF) and CNG-PNG.

Regulations regarding bank deposits

Starting March 1, the rules will change, impacting both your kitchen and your finances. If you put your money into a Fixed Deposit (FD), be aware that significant changes to FD rules may take effect from March 1. The new regulations that will take effect on March 1 can impact not only your FD returns but also your tax and withdrawal methods. Many banks have adjusted the interest rates on fixed deposits (FD). In March 2025, the interest rates on FD may change.   

Regulations regarding UPI payment

Additionally, the regulations concerning the insurance premium payment system (i.e., UPI) may be modified. There may be changes in UPI starting March 1. As a result, it will be easier to pay the insurance premium. The new change includes the addition of the Insurance-ASB service to the UPI system. This will enable holders of life and health insurance policies to set aside the amount for their premium payment in advance. In addition, the dates of bank holidays will change in March. Banks will be closed for 14 days during March.

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