New Delhi, Jan. 3 -- Several significant financial changes have come into effect from January 1, 2025, impacting various banking services, digital payments, and pension disbursement systems across India.

These modifications encompass revised fixed deposit regulations, enhanced UPI transaction limits, and new credit card lounge access policies.

The National Payments Corporation of India (NPCI) has doubled the transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000, following the Reserve Bank of India's regulatory policy announcement from October 2024.

This enhancement is expected to significantly benefit feature phone users across India who have limited internet access, expanding their digital payment capabilities.

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