Regulation Modification Effective 1st August 2025: Over the years, the month of August has started. There are several corrective action capsules associated with the month. In case if the changes directly affect you, then you must know. As of August 1, several regulations concerning UPI changed including the new payment collection charges for the property in Haryana. In addition, commercial LPG cylinders will be available at lower prices. Free air insurance for select SBI credit cards will be ceases from August 11.With respect to Hoteliers, the 19Kg commercial LPG cylinders will be cheaper by 33.50. These new changes will be beneficial to them. As of now, the 19Kg commercial cylinder prize in New Delhi would be 1,631.50. This change will support hoteliers, retail stores, and restaurant owners. Nevertheless, there continues to be no change in the prices of domestic gas cylinders.Collector rate increased in Faridabad, GurgaonIn Haryana, the collector rate of property has been increased. The collector rate will now increase between 5% to 25% . Faridabad, Gurgaon, and Ballabhgarh will now become more expensive because there will a higher fee required for property registration. Collector rate is the minimum price of land in any district at which a real estate property can be sold to a buyer. The registration of property is done in tehsil at this rate. Collector rate or circle rate is used interchangeably. UPI rules changedUPI has a new restriction in place for checking balance, which is a 50 limit on balance query for a single app. For those of you who use two different applications, both of the apps will be controlled by this limit. There will be some hours where balance checking will be completely prohibited which includes 10 am to 1pm and 5 pm to 9.30 pm due to server load.You will receive payment updates through SMS or notificationsWith each payment you make, the bank will now send you a balance notification via SMS or notification. As a result, shopkeepers and remote workers will no longer have to keep checking their balance after every payment.Auto payment restrictionActive subscription services such as Netflix, Amazon Prime, and EMI payments will now have their transactions processed only during off-peak hours. Payments will only be processed prior to 10 a.m, between 1 and 5 p.m, and after 9:30 p.m. Peak hours will have no autopay transactions.Pending transaction status check restrictionFor pending transactions, status cannot be checked for a minimum of a minute and a half. Furthermore, checking the status of transactions can only be performed 3 times a day with a cooldown of 45-60 seconds between attempts.No more complimentary insurance on credit cardsThe free accident insurance scheme offered by SBI will lapse on August 11 along with several other changes with the SBI Credit cards which are likely to affect the finances of SBI Card holders. Earlier, SBI along with Central Bank, PSB, UCO Bank, Karur Vysya Bank, and Allahabad Bank used to offer a cover of 1 crore or 50 lakh on some cards.
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