3 Big Financial Changes Coming in January 2025 by Vikas Gawri

January 2025 is bringing significant financial updates that could impact your daily expenses and long-term plans. Vikas Gawri, a renowned finance influencer, highlights three crucial changes everyone should know about. From cost-saving telecom plans to enhanced pension flexibility and rising car prices, these updates are set to affect millions across India.

Here's everything you need to know to prepare and adapt.

1. Separate Recharge Plans for Voice and SMS

Starting January 2025, the Telecom Regulatory Authority of India (TRAI) has mandated mobile service providers like Jio and Airtel to offer separate recharge plans for voice calls and SMS.

Why This Matters:

For consumers who don't use data plans but rely heavily on calls and SMS, this change is a game-changer. Previously bundled plans forced users to pay for services they didn't need. With this update, you'll have the freedom to choose plans tailored to your actual usage, potentially saving you a significant amount of money.

2. Flexibility for EPS Pensioners

In a move to simplify pension collection, EPS (Employee Pension Scheme) pensioners will now be able to collect their pensions from any bank, branch, or location across India starting January 1, 2025.

Why This Matters:

Previously, pensioners were tied to a limited number of banks under a decentralized system, which often created inconvenience, especially for those who relocated. This reform enhances accessibility and convenience, empowering pensioners with more control over their finances regardless of their location.

3. Car Prices Set to Rise

If you're planning to buy a car, brace yourself for price hikes starting January 2025. Original Equipment Manufacturers (OEMs) across mass-market and luxury segments have announced increases in vehicle prices.

Why This Matters:

This price surge is expected to impact both budget-friendly and premium car buyers. It's driven by rising production costs, stricter emission norms, and evolving technology requirements. If you're in the market for a new car, consider making your purchase before the end of the year to avoid paying more.

View this post on Instagram

A post shared by Vikas Gawri (@marketians)

These three changes in January 2025—from separate telecom recharge plans and pension flexibility to rising car prices—highlight the dynamic financial landscape. While some updates bring savings and convenience, others may require you to adjust your budget.

Stay informed and plan accordingly to make the most of these changes. For more finance insights and tips, follow Vikas Gawri, your trusted guide to navigating India's evolving financial world!