Several changes made to bank services in India in 2025 focus on savings accounts with an intent to increase transparency and digital savings access while promoting financial discipline. These updates allow greater individual access while avoiding unnecessary fines. Minimum Balance Requirements Revised Access and inclusion in rural financial systems has always been tight. With new … Read more
1 August 2025, India’s digital payment system, including UPI-linked apps, Google Pay, Phone Pay, Paytm, and BHIM, underwent significant changes with new UPI and banking regulations introduced by the NPCI. The primary focus of the changes is to decrease server strain, curb fraudulent activities, and improve user experience. Given that UPI transactions exceed 12 billion … Read more
The improvements for central government personnel and pensioners under the 7th Pay Commission have finally come after a long wait, and the improvements now being implemented are expected to increase pay and benefits. Let’s have a look at the latest news on approvals, timelines, and pay packet effects. Government Approval and Implementation Timeline The Union … Read more
In a bid to reduce financial malpractices and restore confidence in cheque transactions, the Government of India and the Reserve Bank of India have published the New Rules on Cheque Bouncing for 2025. These alterations will come into effect on 1 April 2025. The rules involve harsher punishments, enhanced complaint addressing timeliness, and standardised protocols … Read more
A series of recent events have bolstered the morale of government employees in different parts of India. Marked for implementation in 2025, the 8th Pay Commission will adjust the salary and pension system of the central government employees and pensioners. Expectations for the 8th Pay Commission are especially high due to the persistent inflation rate … Read more
Devoting resources to improve the current retirement saving structure in India and shifting the current paradigms under which they operate, the Employees’ Provident Fund Organisation (EPFO) has decided to make some bold changes in the year 2025. In excess of sociopolitical updates, the EPFO also seeks to modernise technology and infuse transparency. With more than … Read more