Major Rule Changes from July 1
As June draws to a close, a series of important financial and administrative changes are set to come into effect across India starting July 1, 2025. These changes will directly impact everyday activities such as digital payments, railway travel, gas cylinder purchases, and more. Citizens are advised to take note of the updates, as they may influence personal finances and day-to-day transactions.
1. LPG Cylinder Prices May Change
Oil marketing companies revise the prices of LPG cylinders on the first day of every month. In June 2025, the price of the 19-kg commercial LPG cylinder was reduced by ₹24, while domestic LPG cylinder prices remained unchanged. However, a fresh price revision is expected on July 1, and changes in both commercial and domestic LPG rates are likely.
2. Aadhaar Mandatory for PAN Card Applications
Starting July 1, 2025, the Central Board of Direct Taxes (CBDT) has made Aadhaar verification mandatory for obtaining a new PAN card. Applicants must now link their Aadhaar card at the time of applying for a Permanent Account Number (PAN), making it an essential identification requirement.
3. Railway Fare Hike for Mail and Express Trains
Indian Railways will implement a marginal increase in fares for select categories. The fare for non-AC mail and express trains will go up by 1 paise per kilometre, while AC class tickets will see a rise of 2 paise per kilometre. However, there will be no change in second-class fares and Monthly Season Tickets (MSTs) for journeys up to 500 kilometres, according to railway sources.
4. HDFC Credit Cards to Incur New Charges
HDFC Bank credit card users will face revised fees starting July 1. Notable changes include:
A 1% fee on deposits exceeding ₹10,000 per month into digital wallets using an HDFC credit card.
Additional charges may apply when using the credit card to pay utility bills such as electricity, water, and gas.
These adjustments are expected to impact the way consumers use credit cards for regular digital transactions.
5. New UPI Chargeback Rules Introduced
The National Payments Corporation of India (NPCI) has announced new chargeback processing norms for UPI payments. Under the revised framework, banks will be allowed to reprocess eligible chargeback claims directly, without waiting for prior NPCI approval. This change aims to streamline the grievance redressal process for failed or disputed UPI transactions.