5 Big Rule Changes from June 1, 2025: Know What Will Impact Your Pocket

Key Highlights:

• LPG cylinder price may increase or decrease.

• 2% penalty on credit card auto-debit failure.

• Extra charges on ATM withdrawals beyond the limit.

• FD interest rates may go down in some banks.

• EPFO 3.0 to offer faster, digital PF services.

From June 1, 2025, five major rule changes will come into effect that can directly affect your daily life, especially in areas like banking, investment, LPG gas, ATM cash withdrawal, and credit card usage. These rules can bring both relief and burden, depending on your financial habits.

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Let's understand these changes in simple language and see how they will impact you.

1. LPG Cylinder Price May Change

On the first day of every month, oil companies revise LPG gas prices. Similarly, from June 1, the price of domestic 14.2 kg LPG cylinders may increase or decrease.

• Current Price: ₹856.50 (can vary from state to state)

• Impact:

• Price Increase: Direct impact on household expenses

• Price Decrease: Small relief in the monthly kitchen budget

Consumers need to check the updated rates and plan their budget accordingly.

2. Credit Card Rules to Become Stricter

New rules related to credit cards may also start from June 1. These changes aim to improve discipline but can lead to extra charges for users.

• Key Changes Expected:

• 2% Penalty if auto-debit of credit card payment fails

• Additional charges on fuel payments and utility bill payments via credit cards

• New charges and limits on international transactions

• The Reward Points System may be revised; lesser benefits are expected

These changes may impact those who regularly use credit cards for day-to-day expenses or global purchases.

3. ATM Withdrawal Charges May Increase

Banks may revise ATM withdrawal charges from June 1. This will be particularly applicable when you cross the free transaction limit provided by your bank.

• Expected Changes:

• An extra fee per transaction after the allowed free withdrawals

• May vary between different banks

Why It Matters:
If you withdraw cash often, be prepared for additional monthly charges. Monitoring ATM usage can help reduce these unexpected fees.

4. FD Interest Rates May Be Revised

Fixed Deposit (FD) interest rates are expected to change from June 1. Currently, banks offer rates between 6.5% to 7.5%, but some banks may reduce them.

• Impact:

• Lower returns for new FD investments

• Affects the savings plans of senior citizens and regular investors

Tip: If you are planning to invest, check with your bank before June 1 to lock in the current higher rates, if available.

5. EPFO 3.0 Version May Launch

The Employees Provident Fund Organisation (EPFO) is expected to launch version 3.0 from June 1. This new version aims to provide faster and digital-friendly services.

• New Features Expected:

• PF balance check, claim status, and data updates can be done easily

• May use ATM-like cards for faster access

• Reduction in claim delays and technical issues

This is a positive change for salaried employees and will support the Digital India initiative by making PF services smoother and quicker.

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CMV360 Says

From June 1, 2025, these five rule changes will affect everyone's budget and daily financial activities. While some may add convenience, others may increase monthly expenses. To avoid any surprises, it is important to stay updated with the latest rules from your bank and gas agency, check your credit card and ATM usage patterns, review your FD plans and interest rates, and explore the new EPFO services if you are a salaried employee. Being informed will help you manage your money better and make smart financial decisions.