1 / 11Many rules from cheque payment, LPG Cylinder prices to GST filing are changing from January 1, 2021. As these rules are linked to everyone’s day to day life, therefore you need to know about these rules.2 / 11To keep a check on banking frauds, the Reserve Bank of India decided to introduce the ''positive pay system'' for cheque payments. In this system, there may be a requirement of re-confirmation of the key details for the payments above Rs 50,000. This rule of a positive pay system will come into effect from January 1, 2021. 3 / 11Contactless card transactions: RBI has increased the limit for contactless cards from 2,000 to 5,000. Therefore, you will not have to enter the PIN number when making payments up to Rs 5,000 on debit and credit cards.4 / 11‘Maruti Suzuki’ India and ‘Mahindra and Mahindra’ will increase vehicle prices from January 1 to cope up with the impact of increasing input costs.5 / 11The Union Ministry of Road Transport and Highways has made FASTag mandatory for all four-wheel vehicles from January 1, 2021, through a notification. FASTag will be mandatory for M and N class four-wheelers sold before December 1, 2017.6 / 11When calling a mobile from a landline, you have to use zero before dialing the number. Without it, the phone will not work.7 / 11The rules for asset allocation of mutual funds are about to change. Under the new rules, 75 per cent of the funds will have to be invested in equities. At present the proportion is 65%.8 / 11Paying through UPI is going to be expensive. The National Payment Corporation of India has decided to charge extra for apps launched by Thirty Parties.9 / 11GST return rules to be changed: Small traders in the country will be able to file quarterly GST returns. Under the new rules, traders with a turnover of less than Rs 5 crore will not have to pay GST every month.10 / 11Simple life insurance policy will be launched: From January 1, insurance can be purchased at a lower premium. IRDAI has instructed all companies to launch simple life insurance.11 / 11WhatsApp is going to withdraw support from some platforms from January 1. WhatsApp page has mentioned the operating systems that it provides support for and recommends using these devices: Android running OS 4.0.3 and newer; iPhone running iOS 9 and newer; and select phones running KaiOS 2.5.1 newer, including JioPhone and JioPhone 2