1 June 2025: Many major changes from June 2025 are going to affect our financial life. From the beginning of EPFO 3.0 to the change in credit card rules of big banks like HDFC, Axis and Kotak Mahindra, you must know these new rules. Apart from this, the last dates of Aadhaar update, TDS certificate and special fixed deposit schemes are also coming. June is the month of many changes related to 2025 paise. If you are associated with EPFO, Bank Credit Card, Aadhaar or investment, then take care of these dates and rules so that you do not face any problem next month. Let’s know what is going to change in June.
Start of EPFO 3.0
EPFO i.e. Employees Provident Fund Organization is going to launch its new and better system EPFO 3.0 in June 2025. Removing PF from this system, updating KYC and claim processing will become even faster and easier. The special thing is that EPFO 3.0 is expected to have card facility like ATM, which will provide easy access to EPF funds.
HDFC Bank’s new lounge access policy
HDFC Bank has changed the lounge access rules for its Tata Neu Infinity and Tata Neu Plus Credit Cardholders. From June 10, 2025, the card will not get entry in the airport lounge directly. Now lounge vouchers will be found only when you fulfill the terms of fixed expenditure. This will boost the habit of spending more to use the advantages of the card.
Axis Bank Rewards Card Update
From 20 June 2025, Axis Bank will change its terms of its Rewards Credit Card. Now the calculation of reward point and spend-based charge will be based on the category of expenditure such as rent, wallet, fuel etc. instead of old merchant code. This will make it easier for customers to understand which expenses are beneficial.
Kotak Mahindra Bank’s new charge
Since 1 June 2025, Kotak Mahindra Bank is implementing several changes in its credit card charges. These include a new or changed fee on standing instruction failure, dynamic currency conversion, utility bill, education payment, wallet top-up, online gaming and fuel transactions. Apart from this, minimum amount due will also change in calculation process.
Deadline of TDS Certificate
According to the Income Tax rules, taxpayers should get TDS certificates like Form 16 and Form 16A by 15 June 2025. These documents are necessary for tax returns and tax matching.
Last date for Aadhaar update
UIDAI has fixed the last date for free Aadhaar update facility on 14 June 2025. This service is being available only through the MYADHAAR portal. After this, if you go to Aadhaar Center and get updated, then you will have to pay.
IDBI’s Special FD Scheme Deadline
IDBI Bank is getting attractive interest rates on special fixed deposit schemes. But tomorrow you can take advantage of it till 31 May 2025.
444 day FD: 7.25% to normal customers, 7.75% to senior citizens and 7.9% interest to super senior citizens.
555 days FD: 7.30%to normal customers, 7.80%to senior citizens, and 7.95%interest to super senior citizens.
700 days FD: 7% to normal customers, 7.50% to senior citizens and 7.65% to super senior citizens. The last date to invest in these schemes is 30 June 2025.
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