1 / 11From 1st April 2025, many major rules related to tax deductions, credit card reward points and investments will come into effect. These changes will have an impact on the pocket of every individual. The Reserve Bank of India's Monetary Policy Committee (MPC) will decide on interest rates in April, which may reduce the EMI of home loans. These changes, which will be implemented from 1st April 2025, will have a direct impact on taxpayers, home loan borrowers, investors and credit card users. Especially, the tax cuts and possible reduction in repo rates will provide relief to the common man.2 / 11Tax cuts announced in Budget 2025 take effect on April 1st. The revised tax regime exempts individuals with annual incomes up to Rs 12 lakh (Rs 12.75 lakh for salaried individuals) from paying taxes, but filing an income tax return is mandatory to receive this benefit.3 / 11Effective April 1, 2025, the price of commercial gas cylinders has been reduced by up to Rs 4 in all major metropolitan areas across India, including Delhi and Mumbai.4 / 11The National Payments Corporation of India (NPCI) has implemented new guidelines to enhance the security of Unified Payment Interface (UPI). If your mobile number linked to UPI has not been active for a long time, it will not be possible to make payments with that number from today. This change will be applicable to UPI apps like Google Pay, PhonePe. If your number has been inactive for a long time and you do not want to close the UPI payment system, then recharge it.5 / 11State Bank of India (SBI) and Axis Bank are changing the reward point policy of some of their credit cards. SBI Simply Click and Air India are going to change the reward structure on SBI Platinum Card. Changes in Axis Bank's Vistara card will be implemented after the merger of Air India.6 / 11The Modi government had announced the Unified Pension Scheme (UPS) instead of the old Pension Scheme (OPS), which came into effect today, April 1. Central employees with 25 years of service or more will get 50 percent pension of the average basic salary of the last 12 months. Average basic salary is the amount received as basic salary in the last 12 months divided by 12. As per the rules, half the amount will be the pension amount. This new scheme will now replace the old pension scheme. It will cover 23 lakh central government employees.7 / 11Multi-factor Authentication (MFA) has now been made mandatory on the Goods and Services Tax (GST) portal. Now e-way bills can be generated only on documents not older than 180 days. This change will have a direct impact on the business sector.8 / 11Major banks like State Bank of India (SBI), Punjab National Bank (PNB) and Canara Bank are changing the minimum balance limit. If your account balance is below the prescribed limit, you will have to pay a penalty. This change is necessary for account holders living in small towns or rural areas.9 / 11Some major changes are expected in RuPay Debit Select Card which will be effective from April 1. These include fitness, wellness, travel and entertainment. Complimentary domestic lounge visits in a quarter and 2 international lounges in a year for select lounges. Apart from this, personal accident cover of up to Rs 10 lakh will be available in case of accident or permanent disability. One free gym membership will be available every quarter.10 / 11TDS rules have been updated and the TDS limit has been increased to reduce unnecessary deductions and improve cash flow for taxpayers. The TDS limit on interest rate for senior citizens has been doubled to Rs 1 lakh. Which has given financial security to the elderly. Apart from this, the limit on rental income has been increased to 6 lakhs. Due to which the burden on the homeowner has been reduced.11 / 11National Highway Authority is likely to increase the toll rates from midnight of March 31. Which will have a direct impact on the travel on the highway. NHAI has increased various toll rates. In this, the toll rates on the highway going from Lucknow have been increased by Rs 5 and the toll rates for heavy vehicles have also been increased. Many toll rates on highways like Lucknow-Kanpur, Ayodhya, Rae Bareli, Barabanki will be increased. Apart from this, passengers traveling on Delhi Meerut Express, Eastern Peripheral Express, NH 9 will have to pay more toll tax.