Key Financial Changes In June 2025: As we approaches June 2025, a series of important financial changes will take effect from today June 1, and they may directly impact how you manage your day-to-day money matters. The new changes are expected to impact individuals and businesses actively engaged in the financial sector. These updates touch on several key areas, including credit card usage, ATM withdrawal charges, LPG prices, fixed deposit interest rates, and Aadhaar car updates. Adding further, the RBI is likely to announce an interest rate cut on June 6 during the monetary policy announcement.
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Employers must issue Form 16, the TDS certificate for salaried employees, by June 15, 2025. This document is essential for filing income tax returns and verifying tax deductions for the financial year 2024–25.
The EPFO is expected to launch EPFO 3.0, allowing instant PF withdrawals via UPI and ATMs. Users will also be able to check their PF balance and transfer funds directly through UPI platforms for added convenience.
Online Aadhaar updates—like address or identity proof—will remain free only until June 14, 2025. After this date, charges will apply. Users should log into the myAadhaar portal to ensure all personal details are accurate and up to date.
From June 1, some banks may impose additional fees for utility and fuel payments via credit cards. Reward points may be capped, and international charges or auto-debit penalties revised. Customers should check updated policies with their banks.
From June 1, 2025, SEBI has updated the transaction cut-off timings for overnight mutual funds to 3 PM for offline and 7 PM for online modes. Investors must complete transactions before these times to receive same-day processing.
The NPCI has mandated that all UPI apps must display the verified name of the beneficiary from June 30. This change aims to prevent fraud and mistaken payments by improving transparency in peer-to-peer transactions.
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