Many new rules are expected to be implemented in India from 1 June 2025 or some existing rules may see significant changes. They can affect the common man’s pocket. Some of the major expected changes related to Aadhaar, LPG and UPI are as follows.
Start of EPFO 3.0
Employees Provident Fund Organization (EPFO) can introduce the EPFO 3.0 system from 1 June. This is expected to make PF extracting process easier, KYC updates boom and claim soon. There are also reports of PF withdrawal through facilities like ATMs. This change will directly benefit more than 9 crore PF account holders of the country.
The name of the beneficiary will now be seen in UPI transaction
To reduce fraud, the provision of showing the real name registered in the bank is being implemented instead of the nickname (Nickname) of the beneficiary while paying the UPI. However the deadline for fully implementing this rule 30 June 2025 Till it is, banks and payment apps are preparing for it, and procedures in this direction may be affected or initial changes from June 1. QR code or edited names will no longer be visible. This rule will have to implement all UPI apps by 30 June.
It is also in reports that inactive UPI ID can be discontinued for more than a year. Although confirmation of its strict implementation from June 1 is not widely available, it is part of the expected changes in UPI ecosystem.
New rules related to credit card
Some rules for credit card users are going to change from June 1. If you use the credit card of Kotak Mahindra Bank, you may get a big shock. The bank will now levy a bounce of 2% if Auto Debit Transaction fails. This can be a minimum of Rs 450 and a maximum of Rs 5000. Apart from this, according to the bank’s website, the monthly finance charge on most of the bank’s credit cards from June 1 may also increase. This can be increased from current 3.50% (42% per annum) to 3.75% (45% per annum).
Changes in interest rates of fixed deposits (FD)
Some banks may amend the interest rates of their fixed deposit (FD) from June 1. For example, FD rate cuts are reported by sunrise small finance bank. In June, banks may change fixed deposits and loans interest rates. This is because the Reserve Bank has cut the repo rate and further cuts are expected. For example, sunrise small Finance Bank has reduced the interest rate on 5 -year FD from 8.6% to 8%. Other banks can also take similar steps.
Possible changes in the price of LPG cylinder
The prices of LPG cylinders change on the first date of every month. They are also expected to change on the first date of June. Earlier, in early May, 14 kg domestic gas cylinders were kept stable, while 19 kg commercial LPG cylinder prices were cut by up to Rs 17 per cylinder.
CNG-PNG and ATF prices
Oil marketing companies (Oil Marketing Companies) on the first date of every month revise the price of air turbine fuel (ATF) along with LPG cylinders. On June 2025, the prices of CNG, PNG and ATF can also be seen. The ATF prices were cut in May and it is expected to amend it in early June.
New cut-off time Revenge for Mutual Fund
SEBI has implemented a new cut-off time for overnight mutual fund schemes. This rule will be effective from June 1, under which the cut-off time for offline transactions will be 3 pm and for online transactions at 7 pm. The orders made after this will be considered on the next working day.
