Many rules related to money change on the first date of every month. This time too, from June 1, 2025, many important things related to your daily life are going to change. These changes directly affect your pocket, services, and financial planning. From the price of gas cylinders to the banking and tax system, something new will be implemented.
These changes can have a direct impact on the pocket of the common man. In such a situation, update your financial plan on time and get information about the services, so that you do not have to face any problems. Let us know in detail which rules are going to change from June 1, and how you can be prepared for them.
‘Additional’ charges will be levied on credit card usage
From June 1, 2025, some new rules may be applicable for credit card usage! If your auto-debit fails, you may have to pay a penalty charge of up to 2% (2%). Apart from this, additional charges may be levied for using the card for utility bills or fuel. Additional charges on international transactions and a reduction in reward points are also possible. This means that you will have to be more careful with your credit card usage and control expenses.
Withdrawing money from an ATM will be ‘expensive’
From June 1, 2025, the charge for withdrawing money from ATMs may also increase. Now after limited free transactions, more money may be deducted during the third withdrawal. Therefore, it is important to be careful while using ATM. Avoid unnecessary withdrawals and use digital payment options more.
LPG may become ‘expensive’
LPG cylinder prices are fixed on the first of every month. In such a situation, on June 1, gas cylinders can either become expensive or cheaper. This will have a direct impact on your household budget, especially on those families who use subsidized cylinders. This can be an additional burden for families suffering from inflation, so plan your kitchen budget.
FD interest rates may be ‘reduced’
RBI’s meeting is scheduled for June 6 next month. It is expected that RBI may reduce the repo rate in this meeting. If this happens, then banks can reduce the interest rates on FD. Recently, banks like SBI, HDFC, ICICI, and Axis had reduced interest on FD. Now if RBI cuts the repo rate, then banks can again reduce interest on FD. This can be a matter of concern for investors who depend on fixed income, they will now have to consider other safe investment options.
‘Big’ change in GST invoice rules
GSTN has informed us about an important change. From June 1, 2025, invoice numbers will no longer be case-insensitive. This means that ABC, ABC, or Abc, all three will be considered the same. This will prevent the generation of duplicate invoice numbers. Also, invoice numbers will be automatically converted to uppercase. This will make GST compliance more streamlined for businesses and reduce errors.
Aadhaar Card Update Fee
The facility of updating Aadhaar details online and for free by UIDAI is ending on 14 June 2025. If you have not updated your Aadhaar by 14 June, then you will have to pay a fee of ₹50. This is a final warning for those who have not yet updated their identity and proof of address.