1 June 2025: The first date of every month changes many rules related to money. This time too, many important things related to your everyday life are going to change since 1 June 2025. These changes directly affect your pocket, service and financial planning. A lot of new will be applicable from the price of gas cylinders to banking and tax system. Let us know which rules are going to change from June 1. These changes, which come into effect from June 1, can have a direct impact on the pockets of the common people. In such a time, update your financial plan in time and get information about the necessary service, so that you do not face any problem.
1. Work will be easy in EPFO
The government can launch a new version of EPFO 3.0 from June 1. Through this, it will be easier to make PF -related service such as withdrawal, claim or updating details. The biggest thing is that money can be withdrawn directly from PF account from an ATM -like card.
2. Credit card use will be charged additional charge
Some strict rules may apply for credit card holders. If your auto-debit fails, a penalty charge of up to 2% may have to be paid. Apart from this, using cards for utility bill or fuel can be charged extra charge. It is also possible to cut additional fees and reward points on international transactions.
3. Money will be expensive to withdraw money from ATM
From June 1, the charge on withdrawing money from ATM may also increase. Now after limited free transaction, more money per transaction can be deducted. Therefore it will be necessary to take care while using ATM.
4. LPG can be expensive
LPG cylinder prices are fixed on the first date of every month. In such a situation, the gas cylinder can be expensive or cheaper on 1 June. This will directly affect your domestic budget, especially on families who use subsidized cylinders.
5. FD’s interest rates may be less
RBI is scheduled to meet on 6 June next month. It is expected that RBI may reduce the repo rate in the meeting. If this happens, banks can reduce interest rates on FD. Recently, banks like SBI, HDFC, ICICI, AXIS had reduced interest on FD. Now if RBI reduces the repo rate, then banks can then reduce interest on FD.
6. Change in GST Invoys Rules
GSTN has informed about an important change. From June 1, invoice numbers will no longer be a difference between the case-interacted (uppercase or lowercase). That is, all three ABC, ABC or ABC will be considered the same. This will eliminate the problem of generating duplicate invoice number. Also, the invoice numbers will automatically be converted into uppercase.