1 June 2025 : Many rules related to money change on the first date of every month. This time also, from June 1, 2025, many important things related to your daily life are going to change.
These changes directly affect your pocket, service and financial planning. From the price of gas cylinder to banking and tax system, many new things will be implemented. Let us know which rules are going to change from June 1. These changes coming into effect from June 1 can have a direct impact on the pockets of common people. In such a situation, update your financial plan in time and get information about the necessary services, so that you do not have to face any problem.
1. Work will be easier in EPFO
The government can launch the new version 3.0 of EPFO from June 1. Through this, PF related services like withdrawing money, claiming or updating details will become easier than before. The biggest thing is that money can be withdrawn directly from the PF account with a card like an ATM.
2. Additional charges will be levied on credit card usage
Some strict rules may apply to credit card holders. If your auto-debit fails, you may have to pay a penalty charge of up to 2%. Apart from this, extra charges may be levied on using the card for utility bills or fuel. Additional charges and deduction of reward points are also possible on international transactions.
3. Withdrawing money from ATM will be expensive
From June 1, the charge for withdrawing money from ATM may also increase. Now after limited free transactions, more money may be deducted per transaction. Therefore, it will be necessary to be careful while using ATM.
4. Cooking gas may become expensive
The price of LPG cylinder is fixed on the first of every month. In such a situation, the gas cylinder may become expensive or cheaper on June 1. This will have a direct impact on your household budget, especially on those families who use subsidized cylinders.
5. FD interest rates may decrease further
RBI meeting is scheduled on 6th June next month. It is expected that RBI may reduce the repo rate in the meeting. If this happens then banks can reduce the interest rates on FD. Recently banks like SBI, HDFC, ICICI, Axis had reduced the interest on FD. Now if RBI reduces the repo rate then banks can again reduce the interest on FD.
6. Changes in GST invoice rules
GSTN has informed about an important change. From June 1, invoice numbers will no longer be case-insensitive (there will be no difference between uppercase and lowercase). That is, abc, ABC or Abc will be considered the same. This will eliminate the problem of generating duplicate invoice numbers. Also, invoice numbers will be automatically converted to uppercase letters (UPPERCASE).
