From July 1, 2025, many important financial rules are going to change in India, which will affect everyone from the common man to the business. These include aspects like UPI payment, PAN card application, Tatkal train ticket booking, GST return and hdfc bank credit card. The government and institutions want to make the processes more transparent and technically secure by implementing these rules.
New rule for UPI chargeback
Till now, if the chargeback claim on any transaction was rejected, then the bank had to get that case reprocessed by taking permission from the National Payment Corporation of india (NPCI). But according to the new rule announced on 20 june 2025, banks can now reprocess the correct chargeback claims on their own, for this they will not have to wait for the approval of NPCI. This will give consumers a faster and more effective solution.
Aadhaar mandatory
Now if any person wants to make a new PAN card, then he will have to have an Aadhaar card. Till now any valid identity card and birth certificate was enough, but CBDT (Central Board of Direct Taxes) has made Aadhaar verification mandatory from July 1, 2025. Its purpose is to prevent fake identity and fraud.
OTP and Aadhaar required in Tatkal ticket booking
If you book Tatkal tickets in train, then now this process will be a little different. From July 1, 2025, Aadhaar verification will be necessary to book Tatkal tickets on IRCTC website and mobile app. At the same time, from July 15, 2025, OTP will also have to be entered while booking Tatkal tickets, whether you book online or from a PRS counter.
Big news for hdfc bank credit card users
From July 1, many new charges and reward policy changes are being made for hdfc bank credit card holders. Now, if your expenses exceed 10,000 in a month, then 1 percent additional fee will be charged.
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