2025 Personal Finance Updates: Visa, Credit Cards, EPFO ATM Withdrawals, Fixed Deposits, UPI & More
Key 2025 personal finance updates include new visa rules, revised fixed deposit guidelines, enhanced EPFO ATM withdrawal capabilities, updated credit card benefits, and UPI-enabled PPIs.
Published on April 1, 2025
Personal finance in 2025 is set to undergo significant changes. New visa regulations for popular destinations such as the US and UK, revised fixed deposit rules by the Reserve Bank of India, updated credit card benefits, and new expiry dates for stock contracts are all on the agenda. In addition, the Employees' Provident Fund Organisation (EPFO) is upgrading its IT systems to allow PF withdrawals via ATMs, with a limit of up to 50% of the PF balance. This feature, which uses multi-factor authentication and requires a registered UAN or linked bank account, is scheduled to roll out following IT upgrades, with early details emerging as of December 2024.
Starting January 1, 2025, the Reserve Bank of India will also enable full-KYC Prepaid Payment Instruments (PPIs) to accept Unified Payments Interface (UPI) payments through third-party applications. This initiative is part of broader efforts to streamline personal finance services and ensure greater convenience for consumers throughout the year.