Changes in banking and money related rules since August 2025, know what is necessary for you
With the beginning of August 2025, many important financial rules are going to change. These can have a direct impact on your everyday life, transactions, travel and card benefits. From August 2025, changes will be seen in UPI transaction rules, insurance related rules on SBI Credit Card, Fastag and other things. Come, let’s discuss all the revenge here, which are necessary for you to know.
New initiative regarding UPI transaction
The National Payments Corporation of India (NPCI) has implemented several significant changes since August 2025 to improve the functionality of the UPI (Unified Payments Interface) system. NPCI has released new guidelines for members associated with UPI ecosystem. Now you will be able to check the balance limited times, which will reduce the load on the system. In addition, the limit of API use has been determined for functions such as autopay. Now the rules of UPI transaction related to credit cards have also been updated. Changes have been made in the timing of autope mandates. The purpose of these changes is to make UPI transactions more fast, safe and effective. This will reduce the technical problems in the transaction. If you use UPI regularly, then it is important for you to understand these new rules.
Trading hours will increase for them from 1 August 2025
According to Angelvan, from 1 August 2025, the trading hours of market repo and tri-party repo operations will be extended. Now the time of these operations will be from 9 am to 4 pm, while earlier this time was from 9 am to 3 pm. The Reserve Bank of India (RBI) said this in the circular issued in June 2025. This change will help in increasing the liquidity and flexibility in short-term money markets, which will improve the functionality of the market. The government will remain the same as the trading hours before the Securities Market, Forex, and the interest rate derivatives.
Let me tell you here, repo operation is a financial instrument in which a bank or financial institution borrows money from another institution and promises to buy that money back with interest after a certain time. Tri-party repo is a special type of repo operation consisting of three sides-borrowers, lenders and who are intermediary and administrators of transactions.
Free air accident insurance will not be available on these credit cards of SBI
If you use SBI’s credit card, then this news is important for you. The SBI card is going to shut down free air accident insurance benefits on several co-branded credit cards from 11 August 2025. The decision will affect premium variants cards like Elite and Prime. Selected users of some platinum cards will be affected. Now the air accident insurance cover of ₹ 1 crore and ₹ 50 lakh on these cards has been removed, which was earlier available as an additional benefit. That is, during the trips, there will be no insurance security facility, causing damage to customers who often travel by air and rely on these benefits. You can consider alternative insurance options or check the benefits of your card again.
Fastag Annual Pass Option will be available
The Ministry of Road Transport and Highways has launched Fastag Annual Pass for private drivers, which will be applicable from 15 August 2025. The price will be ₹ 3,000. Its valid period is 1 year or maximum 200 toll transactions, which is completed earlier. The advantage of this pass will be that for those traveling repeatedly on the National Highway, this pass will make toll payment easier and economical. This will simplify the toll payment process and will provide better facilities to people traveling regularly on the highway.
KYC update for PNB customers
The Punjab National Bank (PNB) customers should update KYC information in their bank accounts before 8 August 2025, so that their account operates smoothly. According to the news of the Economic Times, the bank account operation may stop if this does not happen. According to the bank, this instruction is for customers whose account was pending KYC updates by 30 June 2025. This update has been made mandatory according to the Guidelines of the Reserve Bank of India (RBI). If KYC is not updated, the transaction may be affected or the account may be temporarily blocked. The bank has appealed to its customers to go to their nearest branch in time or submit KYC documents through authorized channels, so that banking services are not interrupted.
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