5 Major Rule Changes from May 1: Here's How They Will Affect Your Pocket

New Delhi — As the new month begins, several regulatory and service-related changes are set to come into effect across sectors such as banking, railways, LPG pricing, and more. These changes, implemented from May 1, 2025, are likely to directly impact the everyday expenses and financial planning of the common man. Here’s a detailed breakdown of the top 5 major updates you need to know.

1️⃣ ATM Cash Withdrawal Charges Increased

Starting May 1, the Reserve Bank of India (RBI) in coordination with the National Payments Corporation of India (NPCI) has revised the ATM withdrawal charges:

• New charge: ₹23 per transaction (after free limits)

• Earlier charge: ₹21

• Free withdrawals: Up to 3 transactions per month in metro cities and 5 in non-metros

Impact: Frequent ATM users will now pay more per transaction beyond the allowed free limits.

2️⃣ LPG Gas Price Revision

As part of a monthly review, LPG prices—both domestic and commercial cylinders—will be revised on May 1.

• In April 2025, the price of gas cylinders was increased by ₹50 across categories.

• New rates for May will be announced today by Oil Marketing Companies (OMCs).

Impact: Any further hike in LPG prices will increase household expenses, especially for middle-income and rural households.

3️⃣ Changes in FD and Savings Account Interest Rates

Following two consecutive repo rate cuts by the RBI, banks have begun adjusting their Fixed Deposit (FD) and Savings Account interest rates:

• Many public and private sector banks have already reduced rates

• Further revisions are expected in May based on economic signals

Impact: Lower returns on bank deposits may prompt savers to consider alternate investment options.

4️⃣ Rural Banking Merger under ‘One State, One RRB’

Under the “One State, One Regional Rural Bank (RRB)” scheme, rural banking operations in 11 states are set for consolidation from May 1:

• Affected states include: Uttar Pradesh, Bihar, West Bengal, Andhra Pradesh, Karnataka, Gujarat, Madhya Pradesh, Odisha, Rajasthan, Jammu & Kashmir

• All rural banks in a state will merge into a single entity

Impact: This structural reform aims to improve efficiency and service delivery, but customers may experience temporary disruptions in services and banking operations.

5️⃣ Railway Ticket Rules Amended

From May 1, Indian Railways will enforce a stricter policy regarding waiting list passengers:

• No travel allowed on waiting list tickets for Sleeper and AC coaches

• Only confirmed tickets will be permitted for boarding

Impact: Passengers relying on last-minute travel may need to rethink bookings or opt for general coaches, leading to higher demand for confirmed tickets.