By Safe Investment August 1, 2025
These 5 big changes came into effect from August 1, 2025 From UPI, credit card, trading time to these rules were affected
Many financial changes are going to happen from August 1, 2025. These changes will directly affect the pockets and daily life of common people. These include changes in the rules related to UPI transactions, increase in trading hours, reduction in insurance cover of SBI credit card and revision in LPG cylinder prices.
Many financial changes are going to happen from 1 August 2025. These changes will have a direct impact on the pockets and everyday life of common people. These include changes in the rules related to UPI transactions, increase in trading hours, reduction in insurance cover of SBI credit card and revision in LPG cylinder prices. Let us know what will be the changes.
Changes in UPI rules
The National Payments Corporation of India (NPCI) has made several changes to make UPI transactions more secure. Now users will be able to check account balance only 50 times a day. UPI autopay transactions will now happen in fixed time slots. This will reduce traffic and improve the system. The status of a transaction can now be checked only three times, that too with a gap of at least 90 seconds between each time.
Change in trading market timings
According to the Reserve Bank of India (RBI),
From July 1, 2025, the call money market will open from 9 am to 7 pm.
From August 1, 2025, the timing of the market repo and TREP market has been fixed from 9 am to 4 pm.
The purpose of this change is to increase liquidity and transparency in the market.
Insurance cover discontinued on SBI credit card
SBI has announced the discontinuation of air accident insurance available on many of its co-branded cards. Some ELITE cards will no longer get insurance of Rs 1 crore. Insurance of Rs 50 lakh will also be discontinued on cards with PRIME and Platinum variants. This change will affect those cardholders who used the card based on these benefits.
Now the air accident insurance cover of Rs 1 crore will not be available on the following cards
UCO Bank SBI Card ELITE
Central Bank of India SBI Card ELITE
Punjab & Sind Bank (PSB) SBI Card ELITE
Karur Vysya Bank (KVB) SBI Card ELITE
Karur Vysya Bank (KVB) SBI Signature Card
Allahabad Bank SBI Card ELITE
Discontinued: Air accident insurance cover of Rs 50 lakh
Now the air accident insurance cover of Rs 50 lakh will not be available on the following cards.
UCO Bank SBI Card PRIME
Central Bank of India SBI Card PRIME
Punjab & Sind Bank (PSB) SBI Card PRIME
Karur Vysya Bank (KVB) SBI Card PRIME
Karur Vysya Bank (KVB) SBI Platinum Credit Card
South Indian Bank SBI Card PRIME
South Indian Bank SBI Platinum Credit Card
Karnataka Bank SBI Card PRIME
Karnataka Bank SBI Platinum Credit Card
City Union Bank SBI Card PRIME
Allahabad Bank SBI Card PRIME
Union Bank of India (UBI) SBI Platinum Credit Card
Oriental Bank of Commerce (OBC) SBI Visa Platinum Card
Federal Bank SBI Platinum Credit Card
Bank of Maharashtra SBI Platinum Credit Card (BOM SBI Platinum)
LPG cylinder price will change
Like every month, on August 1, government oil companies fix new prices of domestic and commercial gas cylinders. This time, before Rakhi, the government has reduced the price of commercial cylinders by Rs 33.50.
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