The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

New Financial Rules from June 1: EPFO, Aadhaar & More Updates

by TLAteam June 1, 2025June 1, 2025
written by TLAteam June 1, 2025June 1, 2025
New Financial Rules from June 1: EPFO, Aadhaar & More Updates

Money Rule Changes from June 1, 2025: Starting June 1, 2025, several new financial rules will come into effect. These changes may impact both individuals and businesses involved in financial activities.

Business News

Some key updates include the launch of the new EPFO 3.0 system, the deadline for TDS (Tax Deducted at Source), and SEBI’s new cut-off timing for overnight mutual fund schemes.

Here is a list of important 1 June money rule changes that all individuals and businesses must know:

1. EPFO 3.0 Launch

  • EPFO is expected to launch its new system, EPFO 3.0.
  • Members may soon be able to withdraw PF money instantly using UPI or ATMs.
  • You can also check your PF balance on UPI apps and transfer money to your bank account easily.

2. Income Tax Deadline

  • June 15, 2025 is the last date for employers to issue Form 16 to employees.
  • Form 16 confirms that tax was deducted from your salary and submitted to the Income Tax Department.
  • For FY 2024–25, Form 16 must be given by June 15, 2025.

3. Free Aadhaar Update details

  • June 14, 2025 is the last day to update Aadhaar details for free on the myAadhaar portal.
  • After this, it will cost ₹25 online and ₹50 at Aadhaar centres.

4. SEBI Rules for Mutual Funds

  • From June 1, 2025, SEBI is changing the cut-off timings for overnight mutual fund schemes:
    • 3 PM for offline transactions
    • 7 PM for online transactions
  • This change is meant to make NAV calculation more transparent.

5. Fixed Deposit (FD) Interest Rate Cut

  • Suryoday Small Finance Bank will lower its FD interest rates from June 1, 2025.
  • New rates will range from 4% to 8.4% for deposits under ₹3 crore.

6. Credit Card Rule Changes

Kotak Mahindra Bank

  • From June 1, 2025, new charges will apply for:
    • Standing instruction failures
    • Dynamic currency conversion
  • The bank will also update how it calculates the Minimum Amount Due.

HDFC Bank

  • From June 10, 2025, new lounge access rules for Tata Neu Infinity and Plus cardholders.
  • Access will now be based on quarterly spending vouchers instead of direct card swipes.

Axis Bank

  • Changes include updates to reward points, cashback, lounge access, and spending categories.
  • Starting June 20, 2025, Axis Bank will make changes to its REWARDS Credit Card.
0 comment
previous post
COVID-19 Cases Rise in India, Over 3,000 Active; Kerala Reports the Highest
next post
Adani Ports taps its Largest Ever Domestic bond – 5,000 crore 15-year NCD

You may also like

Rajeev Shukla Likely to Become BCCI President as...

June 2, 2025

Sensex Falls 700 Points Despite Strong GDP Growth:...

June 2, 2025

COVID-19 Cases Rise in India, Over 3,000 Active;...

June 1, 2025

Indian Tourist Attacked by Tiger in Thailand While...

May 31, 2025

Modi Government Launches ‘1600’ Number Series to Stop...

May 31, 2025

June 2025 Bank Holidays: State-Wise List and Total...

May 31, 2025

WhatsApp to Stop Working on Some Old Phones...

May 31, 2025

Facebook Sees Spike in Harmful Content as Meta...

May 31, 2025

India’s Active COVID-19 Cases Rise to 2,710; Kerala...

May 31, 2025

Karnataka Bans Hookah Bars, Raises Tobacco Buying Age...

May 31, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Speeding Car Crashes into Parked Truck on Ahmedabad-Indore Highway; One Killed, Three Injured

    June 2, 2025
  • Women Learners Given Male Coaches at Ahmedabad Swimming Pools, Causing Concern

    June 2, 2025
  • Rain Expected in Some Parts of Gujarat This Week, Amdavadis Still Face Hot Weather

    June 2, 2025
  • Man Arrested in Ahmedabad for Illegally Selling IPL Final Tickets

    June 2, 2025
  • JEE Advanced 2025 results: Three Students from Vadodara Rank in Top 500

    June 2, 2025
June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30
« May  
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.