July 1st Rule Changes: Mandatory Aadhaar for PAN, Revised Credit Card Fees, Bank Charges, And Fuel Ban

India

-Prakash KL

Updated: Tuesday, July 1, 2025, 9:11 [IST]

From
July
1,
2025,
several
new
regulations
will
be
implemented
across
various
sectors
in
India,
impacting
millions.
These
changes
cover
areas
such
as
rail
transport,
taxation,
and
banking.

The
updates
include
mandatory
Aadhaar
for
PAN
applications,
increased
rail
fares,
revised
credit
card
charges,
and
a
fuel
ban
on
older
vehicles
in
Delhi.
These
measures
aim
to
enhance
compliance
and
improve
public
services.

Banking
Sector
Updates

HDFC
Bank
will
start
charging
service
fees
on
certain
digital
transactions
from
July
1.
Customers
using
HDFC
credit
cards
will
incur
a
1%
fee
on
rent
payments,
wallet
reloads
over
₹10,000,
utility
bill
payments
exceeding
₹50,000,
and
gaming
transactions
above
₹10,000.
Each
transaction
has
a
maximum
charge
cap
of
₹4,999.

SBI
Card
announced
changes
effective
July
15.
Complimentary
air
accident
insurance
will
be
removed
from
some
premium
credit
cards
like
ELITE
and
PRIME
variants.
Additionally,
the
Minimum
Amount
Due
(MAD)
calculation
on
monthly
bills
will
change
to
include
GST
and
other
charges.

Railway
Fare
Adjustments

Indian
Railways
will
increase
passenger
fares
starting
July
1.
Non-AC
class
fares
in
Mail
and
Express
trains
will
rise
by
1
paise
per
kilometer,
while
AC
class
fares
will
go
up
by
2
paise
per
kilometer.
This
adjustment
aims
to
offset
rising
operational
costs
and
enhance
service
quality.

For
Tatkal
train
ticket
bookings
via
the
IRCTC
website
or
app,
Indian
Railways
now
requires
Aadhaar
or
other
government-issued
IDs
linked
through
DigiLocker
for
verification.
OTP-based
authentication
for
Tatkal
bookings
is
also
planned
by
the
end
of
July
to
prevent
misuse.

Environmental
Measures
in
Delhi

The
Government
of
Delhi
is
enforcing
a
fuel
ban
on
End-of-Life
vehicles
starting
July
1
to
improve
air
quality.
Automated
Number
Plate
Recognition
cameras
are
installed
at
all
petrol
and
diesel
stations
to
identify
vehicles
without
valid
Pollution
Under
Control
Certificates
(PUCC).
Such
vehicles
will
be
denied
fuel
service.

ICICI
Bank
customers
should
note
upcoming
changes
in
ATM
transaction
charges
beyond
free
limits.
Revised
IMPS
fees
based
on
transaction
amounts
and
higher
cash
handling
fees
at
branches
are
also
being
introduced.

Extended
Deadlines
and
Market
Hours

The
CBDT
has
extended
the
income
tax
return
filing
deadline
for
FY
2024–25
to
September
15,
providing
taxpayers
an
additional
46
days
to
file
without
penalties.
This
extension
offers
relief
to
individuals
and
businesses
alike.

The
Reserve
Bank
of
India
has
extended
the
interbank
call
money
market
trading
hours
from
9
a.m.–5
p.m.
to
9
a.m.–7
p.m.,
effective
July
1.
This
allows
banks
two
extra
hours
daily
for
borrowing
and
lending
funds.

Axis
Bank
is
increasing
ATM
transaction
charges
beyond
free
monthly
limits
for
savings
accounts
and
others
like
NRI
and
Priority
accounts.
For
instance,
out-of-network
ATM
withdrawals
will
now
cost
Rs
23
per
transaction.

GST
Return
Changes

The
Goods
and
Services
Tax
Network
(GSTN)
will
lock
GSTR‑3B
returns
once
filed
from
July
onward.
Returns
will
be
auto-populated
using
GSTR‑1/1A
data
and
cannot
be
amended
after
submission.

Indian
Railways
is
adjusting
its
reservation
chart
preparation
time
from
four
hours
before
departure
to
eight
hours
prior.
This
change
gives
waitlisted
passengers
more
time
to
make
alternative
travel
arrangements
if
needed.

Aadhaar
Mandatory
For
PAN

The
Central
Board
of
Direct
Taxes
(CBDT)
has
mandated
that
Aadhaar
verification
is
now
required
for
all
new
Permanent
Account
Number
(PAN)
applications.
Previously,
applicants
could
use
other
identification
documents
like
voter
ID
cards
or
birth
certificates
to
obtain
a
PAN
card.