New Rules from May 1: Several important changes will come into effect from May 1, 2025. These changes will directly affect your money, banking services and daily expenses. Understanding these updates in advance helps avoid confusion later. Let’s look at the key changes that impact your ATM withdrawals, gas prices, railway bookings and interest rates.

New Rules from May 1:

ATM Withdrawal Charges Increase: From May 1, ATM withdrawals will become costlier. The limit on free transactions ends. Every time you withdraw money, you must pay Rs.19 per transaction. Earlier, this fee was Rs.17. Checking your account balance will now cost Rs.7 instead of Rs.6.

Railway Ticket Booking Rules Change: The Indian Railways is changing its ticket booking system. Only general coaches will accept waiting list tickets. Passengers cannot travel in sleeper coaches with waiting tickets anymore. Make sure to book confirmed tickets for sleeper class travel.

RRB Merger Scheme Begins: A new banking scheme called ‘One State, One RRB’ will start in 11 states. All regional rural banks in each state will merge into one large bank. This move will help improve banking services. Customers will benefit from better access and more convenience. The affected states include Andhra Pradesh, Uttar Pradesh, Bihar, Gujarat, West Bengal, Maharashtra, Odisha, Rajasthan, Karnataka, Madhya Pradesh and Jammu & Kashmir.

LPG Cylinder Prices to Be Reviewed: On May 1, LPG gas cylinder prices will be reviewed. These prices change monthly. A price hike or drop will directly affect household budgets. People using LPG should stay updated to manage their monthly expenses.

Changes in FD and Savings Account Interest Rates: Interest rates on Fixed Deposits and savings accounts may change after May 1. After RBI’s decision to reduce the repo rate twice, many banks have already lowered interest rates. Customers must check new rates to decide where to invest or save money.

Also read:Punjab to Deploy Anti-Drone System at Pakistan Border

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