It is important to know these changes in advance so that you can plan your budget and avoid any financial problems next month.

Changes related to credit cards…

There are significant changes related to credit cards. If you use an SBI card, then from August 11, the free air accident insurance on some co-branded cards will end. Till now, SBI, in collaboration with UCO Bank, Central Bank, PSB, Karur Vysya Bank and Allahabad Bank, used to provide insurance cover ranging from Rs 50 lakh to Rs 1 crore on some special cards. Now this facility is being discontinued, which may come as a shock to the cardholders.

Gas cylinder prices may change…

There may be a change in the price of LPG and commercial cylinders. Like every month, oil companies fix the prices of cylinders on August 1. In July, the price of a 19 kg commercial cylinder was reduced by Rs 60, but the price of LPG remained the same. Now it is expected that LPG may become cheaper on August 1, which will be a relief for the household budget.

Changes in rules related to UPI payments…

The new rules will be applicable for those who make payments through UPI. If you use Paytm, PhonePe or Google Pay, the National Payments Corporation of India has imposed some limits. Now you will be able to check your balance only 50 times in a day and check bank accounts linked to your mobile number 25 times.

Autopay transactions, such as Netflix or mutual fund installments, will now be processed three times a day: before 10 a.m., between 1 p.m. and 5 p.m., and after 9:30 p.m. The status of failed transactions can only be checked three times a day, with a 90-second gap between each check.

There has been no change in the prices of CNG and PNG

since April 2025, when CNG was Rs 79.50 per kg and PNG was Rs 49 per unit in Mumbai. Now the prices are expected to change on August 1.

There will be so many bank holidays next month….

The list of bank holidays in August has been released. The Reserve Bank of India decides holidays every month based on festivals and important dates, which may vary at different places. There will be 16 bank holidays in the month of August.

Aviation fuel (ATF) prices may also change on August 1. This may affect the prices of air tickets. These changes may increase your monthly expenses, so plan ahead.

The post New Rules: New rules will be implemented from August 1, these 6 changes will be made including UPI, LPG, your pocket will be loose! first appeared on Rightsofemployees.com.

Aadhaar verification is mandatory for new PAN card

The Central Board of Direct Taxes (CBDT) has announced that Aadhaar verification will be mandatory for new PAN card applications from July 1. Its purpose is to increase tax compliance and promote digitization. Let us tell you that earlier a valid ID and birth certificate was required to get a PAN card, but from July 1, PAN cannot be made without an Aadhaar card.

ITR filing deadline extended

The CBDT has extended the last date for filing ITR to September 15, 2025, which was earlier scheduled to end on July 31, 2025. This will give taxpayers more time to file their returns without any haste, thereby reducing the chances of errors and incorrect filing.

Revision of credit card and banking charges by SBI, HDFC and ICICI Bank

From July 15, 2025, SBI Cards will revise its minimum amount due calculation for credit card bills to include the full GST, EMI amount, charges, finance charges and over-limit amount, plus 2% of the remaining unpaid balance. Payments will be made in a fixed order, with priority given to GST, EMIs, fees, finance charges, balance transfers, retail transactions and cash withdrawals. Also, SBI Cards will discontinue complimentary air accident insurance, eliminating the Rs 1 crore cover for Elite, Pulse and Miles Elite cards and Rs 50 lakh cover for Prime and Miles Prime cards, affecting both existing and new cardholders.

From July 1, 2025, HDFC Bank will charge a 1% fee on online gaming and wallet load transactions exceeding Rs 10,000 per month, capped at Rs 4,999. No reward points will be earned on these. Utility bill payments above Rs 50,000 (consumer cards) or Rs 75,000 (business cards) will attract a 1% fee, capped at Rs 4,999, while rent, fuel (above Rs 15,000 or Rs 30,000 depending on the card variant) and education payments through third-party platforms will continue to attract a 1% fee, capped at Rs 4,999 per transaction. Reward points on insurance will be limited to 10,000 for Infinia/Infinia Metal, 5,000 for Diners Black/Biz Black Metal and 2,000 for most other cards, with no limit for Marriott Bonvoy cards; however, all charges will be subject to GST.

Axis Bank increased ATM usage charges

Following many other banks, Axis Bank has announced to increase ATM transaction charges above the free limit from Rs 21 per transaction to Rs 23 per transaction from July 1, 2025. This change will affect both Axis and non-Axis ATM users. Let us tell you that many other lenders had already increased ATM charges from May 1 to cover rising operational costs and provide better service.

Most Read Articles:-

• Tatkal Ticket: From July 1, these people will not be able to book Tatkal train tickets, know details

• ICC made changes in the 2 new ball rules in ODIs, now bowlers will benefit! Know how to get the benefit

• NHAI’s new initiative after annual FASTag, new feature will be available in the app

• India Post to start accepting digital payments from august 2025 – check details

• Railways Waiting List Rules: Railways changed another big rule regarding ticket booking! Check all details here

The post New Financial Rules From 1st July: Aadhaar For PAN, Credit Card Updates And Key Changes first appeared on Rightsofemployees.com.