These 5 Major Financial Rules Will Change from August 1: Impact on UPI, Credit Cards, Gas Prices & EMIs

Starting August 1, 2025, several important financial rules are set to change, directly affecting your daily expenses and budgeting. From UPI transaction limits to credit card insurance and potential shifts in gas and loan rates, these updates could significantly impact your pocket. Here’s a detailed look at the five major financial changes taking effect from the first day of August.

1. New UPI Rules: Limited Balance Checks and Timed Auto-Payments

Frequent users of UPI apps will need to adapt to new limitations beginning August 1. Under the updated guidelines:

• You can check your bank balance via a UPI app only 50 times per day.

• Viewing bank account details linked to your mobile number will be restricted to 25 times per day.

• Auto-payments such as EMIs, SIPs, and subscriptions (like Netflix) will be processed only during three specific time windows:

  • Before 10:00 AM

  • Between 1:00 PM to 5:00 PM

  • After 9:30 PM

This move aims to reduce the strain on the UPI network and minimize failed transactions by optimizing load distribution.

2. SBI Credit Card Holders to Lose Air Accident Insurance

If you own an SBI ELITE or PRIME co-branded credit card, important changes are on the way. Effective August 11, 2025, the air accident insurance cover attached to these cards will be discontinued. This benefit previously provided a cover of up to ₹1 crore. The update will primarily affect cardholders associated with banks like UCO Bank, Allahabad Bank, and Central Bank. Cardholders are advised to explore alternate insurance options for air travel coverage.

3. LPG Cylinder Prices May Change

LPG prices in India are revised on the 1st of every month. In July, commercial LPG cylinder prices were reduced by ₹60, while domestic cylinder rates remained unchanged. As August 1 approaches, there's anticipation of either a price hike or further relief. Any revision in domestic gas prices will directly influence your monthly kitchen budget.

4. CNG and PNG Price Revisions Expected

If you use CNG for your vehicle or PNG at home, brace for possible rate changes. Since April 2025, there hasn’t been a revision in gas rates. On August 1, gas companies are set to review current pricing, and both price hikes or reductions are possible. These adjustments will reflect immediately on household fuel expenses and commuting costs.

5. EMIs Might Get Cheaper – RBI Meeting Ahead

The RBI’s monetary policy meeting, scheduled between August 4 and 6, could bring good news for borrowers. If the central bank decides to cut the repo rate, EMIs on home loans, car loans, and personal loans could see a noticeable drop. For those planning to take new loans, this could be the ideal time to borrow at lower interest rates.

Final Words

These upcoming financial changes may seem routine, but each has the potential to impact your daily life, savings, or expenses. Whether it’s your digital payment habits, utility bills, or loan planning, being aware and prepared is key. Make sure to review your monthly budget and adjust accordingly so you're not caught off guard in August.