5 Major Financial Changes in June 2025: PF Access, Credit Cards, Aadhaar and More
PF Withdrawal Rules: Starting June 1, 2025, several key financial changes will come into effect across India. These updates will impact everyday banking, investments, credit card usage, and government services. From changes in EPF withdrawals to the last date for free Aadhaar updates, here’s a detailed look at the top five financial changes you need to know.
1. EPFO 3.0 Launch: Faster PF Withdrawals and ATM-Like Access
One of the most anticipated updates is the launch of EPFO 3.0, a new version of the Employees’ Provident Fund Organisation system. Effective from June 1, this upgrade is designed to make PF-related services more efficient.
Key features of EPFO 3.0 include:
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Simplified PF withdrawals
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Faster KYC updates
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ATM-style cards to help users access EPF funds more easily and instantly
This move is expected to reduce delays in PF claim settlements and improve user experience.
2. Fixed Deposit Interest Rates Revised by Suryoday Small Finance Bank
From June 1, 2025, Suryoday Small Finance Bank will revise its fixed deposit (FD) interest rates. The updated rates will range from 4% to 8.4% for deposits below Rs 3 crore. The highest rate of 8.4% applies to tenures between 30 to 36 months.
However, there’s a notable drop in the 5-year FD rate, which will decrease by 60 basis points — from 8.6% to 8%. This adjustment aligns with broader market shifts and reflects changing economic conditions.
3. Axis Bank Rewards Credit Card Changes
Starting June 20, 2025, Axis Bank will roll out important changes to its Rewards Credit Card. These changes include:
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Revised point earning structure
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Updates to eligible merchant categories
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Modifications in the validity of reward points
These updates aim to help users better understand their rewards and make informed decisions about how they use their cards.
4. SEBI’s New Cut-Off Timings for Mutual Funds
From June 1, 2025, the Securities and Exchange Board of India (SEBI) will enforce new cut-off timings for transactions in overnight mutual fund schemes.
The updated cut-off times are:
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3 PM for offline transactions
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7 PM for online transactions
Orders placed after these times will be processed on the next business day, potentially resulting in a different Net Asset Value (NAV). These changes are intended to improve fund management and ensure smoother processing of investor transactions.
5. Aadhaar Update Deadline Ends June 14
The last date to update Aadhaar documents online for free is June 14, 2025. After this date:
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Online updates will cost Rs 25
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Updates at physical Aadhaar centres will cost Rs 50
The update includes verifying or changing identity and address documents. Keeping your Aadhaar details accurate is essential for seamless access to government services and banking processes.
Final Thoughts
PF Withdrawal Rules: These changes reflect India’s ongoing efforts to modernize financial systems and improve user convenience. Whether you’re an investor, salaried employee, or simply managing your day-to-day finances, staying updated on these developments is crucial.
Make sure to review these updates carefully and take necessary actions—such as updating Aadhaar details or revisiting your FD plans—to stay compliant and financially prepared.
