every Like the month, the month of June is also bringing many major changes, which can directly affect your pocket and financial transactions. From UPI and PF to LPG cylinders prices, many rules are going to change from June 1. While these changes will increase some facilities, in some cases you may also have to pay additional fees. Let us know what are these changes to be effective from June.
EPFO 3.0
The government is preparing to launch the new and advanced version of Employees Provident Fund Organization (EPFO), EPFO 3.0. It can be started in the month of June. After its rollout, it will be very easy to claim PF. The most important thing is that in future you will also be able to withdraw money from your PF accounts through ATM and UPI. This change will directly benefit more than 9 crore PF account holders of the country.
Rules related to UPI transaction
NPCI has implemented a new rule regarding UPI, under which users will now see only the banking name of the real recipient while making UPI payment. QR code or edited names will no longer be visible. This rule will have to implement all UPI apps by 30 June.
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).
Interest rate on FD
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 for mutual funds
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.
Base update
A significant change related to Aadhaar card will also be effective in June. UIDAI had provided free Aadhaar card update to Aadhaar users, the last date of which is 14 June. If you are not able to update your Aadhaar for free till this last date, then after this you will have to pay a fixed fee of Rs 50 for this work.
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