From June 1, 2025, some important rules are going to change across the country. Whether it is the price of LPG, interest on bank FD, the way of withdrawing money from ATM or using credit card – everything is going to change. In such a situation, it is very important to know which changes can directly affect your daily life and expenses.
1. Technological revolution in EPFO – Withdrawal of PF will become easier
EPFO i.e. Employee Provident Fund Organization is now going to bring a new version 3.0. After this, PF related services will become more digital and easier than ever before. Now direct withdrawal is possible through cards like ATM, along with this, making claims and updating data will also be done quickly.
2. Strictness for credit card users – If auto debit fails, charges will be levied.32
From June 1, the rules for credit card users may become stricter. If your auto-debit fails, a penalty of up to 2% may be levied. Apart from this, there is a possibility of additional charges on transactions like utility bills and fuel and extra fees on international payments. The reward points scheme can also be changed.
3. Withdrawing money from ATM will be expensive – New charges applicable
A new fee structure may be applicable on ATM transactions from the beginning of June. This means that after limited free transactions, you may have to pay higher charges for withdrawing more money or withdrawing more frequently.
4. Change in LPG gas prices – impact on kitchen budget
The prices of LPG cylinders are reviewed on the first of every month. In such a situation, the price of cylinders may increase or decrease on June 1 as well. This change will directly affect your kitchen budget.
5. Fluctuation in FD interest rates – Alert for investors
There may be a change in interest rates for those investing in fixed deposits from June 1. Currently, most banks are giving interest between 6.5% to 7.5%, but it is being estimated that these rates may decrease in the coming time.
What to do?
The effect of these changes will be clearly visible on savings, expenses and investments. So start planning from now:
- Update your PF account details,
- Pay your credit card dues on time,
- Pay attention to your habit of withdrawing cash from ATM,
- keep track of lpg rates,
- And do compare interest rates before investing in FD.
