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Banking Rules Update: With the beginning of August 2025, many important financial rules are going to change. These can have a direct impact on your everyday life, transactions, travel and card benefits.
From August 2025, there will be changes in rules related to UPI transactions, insurance rules on SBI credit card, Fastag and other things. Let us discuss all the changes here, which are important for you to know.
New initiative regarding UPI transactions
The National Payments Corporation of India (NPCI) has implemented several important changes from August 2025 to improve the functionality of the UPI (Unified Payments Interface) system. NPCI has issued new guidelines for members associated with the UPI ecosystem. Now you will be able to check the balance only a limited number of times, which will reduce the load on the system. Apart from this, API usage limit has been set for functions like Autopay. Now the rules for UPI transactions related to credit cards have also been updated. Changes have been made in the timing of Autopay mandates. The purpose of these changes is to make UPI transactions faster, safer and more efficient. This will reduce the technical problems in transactions. If you use UPI regularly, then it is important for you to understand these new rules.
Trading hours will increase for these from August 1, 2025
According to AngelOne, the trading hours of market repo and tri-party repo operations will be extended from August 1, 2025. Now the time for these operations will be from 9 am to 4 pm, whereas earlier this time was from 9 am to 3 pm. The Reserve Bank of India (RBI) said this in a circular issued in June 2025. This change will help in increasing liquidity and flexibility in short-term money markets, thereby improving market efficiency. The trading hours of government securities market, foreign exchange, and interest rate derivatives will remain the same as before.
Let us tell you here that Repo or Repo Operation is a financial instrument in which a bank or financial institution borrows money from another institution and promises to buy back that money with interest after a certain period of time. Tri-party Repo is a special type of Repo Operation in which three parties are involved – the borrower, the lender and the intermediary and administrator of the transaction.
Free air accident insurance will not be available on these SBI credit cards
If you use SBI credit card, then this news is important for you. SBI Card is going to stop the free air accident insurance benefit available on many co-branded credit cards from August 11, 2025. This decision will affect premium variants cards like ELITE and PRIME. Select users of some platinum cards will be affected. Now the air accident insurance cover of ₹ 1 crore and ₹ 50 lakh available on these cards has been removed, which was earlier available as an additional benefit. That is, insurance protection will not be available during trips, which may cause loss to those customers who travel by air frequently and relied on these benefits. You can consider alternative insurance options or recheck the benefits of your card.
Option of FASTag annual pass will be available
The Ministry of Road Transport and Highways has launched the FASTag Annual Pass for private vehicle drivers, which will come into effect from August 15, 2025. The price of this pass will be ₹ 3,000. Its validity period is 1 year or a maximum of 200 toll transactions, whichever is completed first. The advantage of this pass will be that it will make toll payment easy and economical for those who travel frequently on the national highway. This will simplify the toll payment process and people who travel regularly on the highway will get better facilities.
KYC update for PNB customers
Punjab National Bank (PNB) customers should update their KYC information in their bank accounts before 8 August 2025, so that their account operations continue smoothly. According to the Economic Times report, if this is not done, the bank account operation may be closed. According to the bank, this instruction is for those customers whose account had pending KYC update till 30 June 2025.
This update has been made mandatory as per the guidelines of the Reserve Bank of India (RBI). If KYC is not updated, transactions from the account may be affected or the account may be temporarily blocked. The bank has appealed to its customers to submit KYC documents in time by visiting their nearest branch or through authorized channels, so that banking services are not disrupted.
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