Sun Jun 01 00:30:00 UTC 2025: Okay, here’s a summary of the provided Telugu text rewritten as a news article:

**Headline: New Financial Rules and Regulations Taking Effect in India Starting June 1st, 2025**

**Hyderabad, India -** A wave of new financial regulations are set to impact the daily lives of Indian citizens starting June 1st, 2025. These changes, primarily focused on the financial sector, span credit card usage, ATM charges, LPG prices, fixed deposit interest rates, Aadhaar updates, PF withdrawals, UPI transactions, mutual funds, driving licenses, passport rules, and bank holidays.

**Credit Card Users Face Changes:** Credit card holders should brace for potential additional charges on utility bill payments. Some banks, like Kotak Mahindra, may levy a 1% charge for exceeding monthly limits on fuel payments. Reward points on rent, utility bills, and insurance payments may also be capped. Conversely, penalties for failed auto-debit payments could decrease to 2%. Consumers are advised to confirm international transaction fees and reward point structures with their respective banks.

**ATM Fees and LPG Prices Under Scrutiny:** Charges for ATM withdrawals exceeding the free limit are likely to increase, varying by bank. Domestic LPG cylinder prices will also be revised on June 1st, potentially increasing, decreasing, or remaining stable based on oil company decisions and market conditions.

**Impact on Savings and Investments:** Several banks may reduce fixed deposit (FD) interest rates, potentially affecting savers. Suryoday Small Finance Bank, for example, may cut rates by up to 60 basis points.

**Aadhaar Updates and EPFO 3.0:** The deadline for free online Aadhaar updates is June 14th, 2025, after which online updates will cost ₹25 and in-person updates at Aadhaar centers will cost ₹50. The Employees’ Provident Fund Organisation (EPFO) is rolling out EPFO 3.0, allowing PF withdrawals via UPI and ATMs, initially as a pilot project for GPF and PPF members. This aims to streamline and expedite the withdrawal process. ATM card options are also in development.

**UPI Transactions Get More Transparent:** Starting June 30th, 2025, UPI apps will only display the recipient’s actual bank name during transactions, replacing custom names or QR code names. This change aims to reduce transaction errors and fraud.

**Mutual Fund Cut-Off Time Adjustments:** SEBI is implementing new cut-off times for mutual fund transactions, effective June 1st, 2025. Offline transactions will be accepted until 3 PM, while online transactions have a 7 PM cut-off.

**Driving License Regulations Continue:** Driving license regulations, introduced on June 1st, 2024, will continue, allowing private driving schools to conduct tests and issue certificates, bypassing RTO testing for certified individuals. Penalties for driving without a license remain at ₹2,000, and minors driving will incur a ₹25,000 fine.

**Passport Rule Amendments:** New passport rules require birth certificates for applicants born after October 1st, 2023. Those born before this date can use PAN cards, driving licenses, Aadhaar cards, or other recognized documents.

**Bank Holidays:** Banks will be closed for 12 days in June, including Sundays, second and fourth Saturdays, and Bakrid (Eid al-Adha) on June 7th.

The content of this article is © 2025 Telangana Publications pvt. Ltd

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