New Rule from 1 January: With the beginning of the new year, many things will change and there will be important changes in some rules. From January 1, 2026, new rules will be applicable in many areas including GST, pension, UPI limit, fixed deposits and vehicle prices.
changes in gst
According to the decision of the GST Council, Multi Factor Authentication (MFA) will be mandatory for all GST filing taxpayers from January 1. Its purpose is to make the GST filing process more secure.
UPI 123 pay limit increased
The limit on UPI 123 Pay has been increased to Rs 10,000 for telephone users transferring money from bank account through basic phone or push button phone. Earlier this limit was Rs 5,000.
Simplicity in pension rules
From January 1, EPFO has simplified the process of withdrawing pension. Now employees will be able to withdraw their pension amount from any bank and no additional verification will be required for this.
Limit of loan without guarantee increased for farmers
The Monetary Policy Committee of the Reserve Bank has increased the limit of unsecured loans for farmers. From January 1, farmers will now be able to take loans up to Rs 2 lakh without guarantee. Earlier this limit was Rs 1.60 lakh.
Fixed Deposit (FD) Rules
There will be changes in the rules related to FD for non-banking finance companies (NBFC). Now new rules related to withdrawal of amount deposited in fixed deposit before the maturity date will be applicable.
Changes in vehicle prices
From January 1, many vehicle manufacturing companies can change the prices of their vehicles. The price of cars from companies like Mahindra, Honda, Maruti Suzuki and Hyundai may increase by about 3%.
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