Source: aajtak
The start of June marks the implementation of several significant changes across the country. One major update is the reduction in LPG cylinder prices by oil marketing companies. Additionally, there's good news for air travelers as the cost of Air Turbine Fuel (ATF) has been reduced, leading to potential airfare cuts. As June progresses, more financial changes are coming into effect, potentially impacting every household and individual, including alterations in credit card regulations and new mutual fund rules. Let's delve deeper into these financial transformations affecting the nation today...
Source: aajtak
Change One - Cheaper LPG Cylinders
As of June 1, 2025, the first major change is related to LPG cylinder prices where oil companies have slashed the price of the 19 kg commercial LPG gas cylinders by ₹24. Now, a 19 kg commercial LPG cylinder costs ₹1723.50 in Delhi, down from ₹1747.50. Similarly, the prices in Kolkata are ₹1826, in Mumbai ₹1674.50, and in Chennai ₹1881, offering relief to hotels, restaurants, dhabas, and other commercial establishments. However, the 14.2 kg domestic LPG cylinder prices remain unchanged.
Source: aajtak
Change Two - Air Travel Becomes Affordable
From June 1, 2025, air travelers might benefit from reduced fares due to decreased costs in Air Turbine Fuel, alongside the LPG price cut. The ATF prices in Delhi saw a reduction by ₹3,954.38 per kiloliter or 4.4% down to ₹85,486.80, with further reductions to ₹83,072.55. This cost-cutting also applies to Kolkata, Mumbai, and Chennai, potentially leading airlines to reduce ticket prices.
Source: aajtak
Change Three - New Mutual Fund Rule
Starting this June, new regulations impacting mutual funds, spearheaded by market regulator SEBI, include a newly applied cut-off time for overnight mutual fund schemes. Offline transactions must now be completed by 3 PM and online by 7 PM, effective June 1, changing the way orders are processed depending on their completion time.
Source: aajtak
Change Four - EPFO 3.0 Rollout
The government is planning to launch a new version of the Employees' Provident Fund Organization (EPFO) 3.0 in June, making the PF claim process easier. It will enable over 9 crore members to withdraw their PF funds through ATMs and UPI, revolutionizing fund access and withdrawal.
Source: aajtak
Change Five - Credit Card Rules Update
Significant updates for credit card users, particularly those using Kotak Mahindra Bank cards, include the addition of a 2% bounce charge on auto-debit transaction failures, with charges ranging from a minimum of ₹450 to a maximum of ₹5000. Also, monthly finance charges might increase, impacting credit card holders nationwide. These changes commence from June 1, 2025.
Source: aajtak
Aadhaar Card and More Upcoming Changes
June 2025 brings notable changes for Aadhaar card and FD investors. UIDAI's free Aadhaar update period ends on June 14, after which a fee of ₹50 applies. This month also sees potential adjustments in fixed deposit and loan interest rates, prompted by the Reserve Bank's repo rate cut. Changes in UPI payment visibility rules might also be applied by month-end.
