Big changes from May 1: Costlier ATM withdrawals, new railway rules and more

Several key regulations are changing from May 1st. ATM withdrawals will become more expensive, and waiting list tickets will only be valid for general class travel. Learn about the six significant changes coming into effect.

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1- ATM withdrawals become more expensive

Several key regulations are changing from May 1st. ATM withdrawals will become more expensive, and waiting list tickets will only be valid for general class travel. Learn about the six significant changes coming into effect.

1- ATM withdrawals become more expensive

From May 1, 2025, ATM withdrawals will be more expensive. The RBI recently permitted the NPCI's proposal to increase fees. This means that from May 1st, withdrawing money from a non-home bank ATM will cost up to Rs 23 per transaction after the limit, instead of Rs 17. Balance checks will cost Rs 7 instead of Rs 6.

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2- ATM transaction limits change for many banks

ATM transaction limits are changing from May 1st. Customers in metro cities will only be able to make 3 free ATM transactions per month. In non-metro cities, the limit will be 5 transactions per month. This includes cash withdrawals, balance checks, and mini statements.

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3- Waiting list tickets now valid for general class only

Railway ticket booking rules are changing from May 1, 2025. Waiting list tickets will only be valid for general class travel. You will no longer be able to travel in sleeper class with a waiting list ticket. The advance reservation period has also been reduced from 120 days to 60 days.

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4- Possible LPG cylinder price changes

Oil marketing companies review gas cylinder prices on the first of every month. Therefore, LPG cylinder prices may change on May 1st. At the beginning of April, the government increased the price of a 14 kg domestic gas cylinder by Rs 50.

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5- CNG and PNG prices

Oil marketing companies also change CNG and PNG prices on the first of every month. In addition, the price of aviation turbine fuel (ATF), used in airplanes, may also change from May 1st.

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6- 12 bank holidays in May

There will be a total of 12 bank holidays across the country in May. These include 2 Saturdays and 4 Sundays. In addition, there will be Buddha Purnima, Maharana Pratap Jayanti, and other local holidays in different states. However, online services will continue to operate even when banks are closed.