Money rule changes: From the price of LPG cylinder to the rules of credit card and EPFO, many changes will happen from June 1

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Money rule changes from 1 June 2025: A new month is going to start from June 1. From the first day of this new month, many such rules are going to change which will have a direct impact on your pocket.

For example, there will be a change in the price of LPG cylinder. At the same time, EPFO, SEBI and Income Tax Department have also changed some rules. Let’s know in detail.

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LPG prices

Like every month, the prices of domestic and commercial LPG cylinders will also be decided on June 1. The prices of commercial LPG were reduced in May. Oil companies have also reduced the price of commercial LPG by Rs 14.50 per 19 kg cylinder. However, the price of domestic LPG cylinder in the country’s capital Delhi remained unchanged at Rs 853 per 14.2 kg. Now the decision on the price of LPG cylinder will be taken tomorrow i.e. on June 1. The prices of Aviation Turbine Fuel (ATF) i.e. aircraft fuel will also be decided.

EPFO 3.0

According to media reports, the Employees Provident Fund Organization (EPFO) may implement the 3.0 addition in the month of June. This is expected to enable EPF subscribers to withdraw PF funds instantly through UPI and ATM. It aims to eliminate the lengthy withdrawal process. Additionally, EPF will enable members to check their provident fund balance directly on the UPI platform and transfer money to their preferred bank accounts.

Income Tax Deadlines

The deadline for issuing a Tax Deducted at Source (TDS) certificate under Form 16 is June 15, 2025. Form 16 is a certificate provided by the employer to salaried employees, confirming that tax has been deducted from their salary. Essentially, it is proof that the tax deducted has been deposited with the Income Tax Department. This certificate must be issued by June 15 of the relevant year.

Updation of Aadhaar details

14 June 2025 is the last date to update Aadhaar details free of cost on the MyAadhaar portal. After this date, a fee of ₹25 will be applicable on all online updates and ₹50 for updates at physical Aadhaar centres.

SEBI regulations

If you invest in mutual fund schemes then this news is for you. SEBI has introduced new cut-off timing for overnight fund schemes from June 1, 2025. The revised cut-off time aims to bring transparency and consistency in the net asset value calculation process. From June 1, 2025, the cut-off time for overnight mutual fund schemes will be 3 pm for offline transactions and 7 pm for online transactions.

Change in FD rates

Many banks have changed the interest rates on deposits. Under this, Suryoday Small Finance Bank will reduce interest rates on fixed deposits from June 1, 2025. From this date, FD rates for deposits less than Rs 3 crore will range from 4 percent to 8.4 percent.

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