Updated 25 June 2025 at 18:16 IST
A new financial quarter often brings a fresh set of rules and reforms — and this July will be no exception. The new quarter will witness new rules that could impact how you file taxes, use your credit card, or invest.
Here’s a lowdown on some of the prominent money-related changes taking effect from July 1, 2025.
If you are planning to apply for a new PAN card, you have to verify it using your Aadhaar number. This move aims to expedite your verification and curb duplicate PAN cards.
From July onwards, once you submit your GSTR-3B form while filing your returns, you won’t be able to revise it. Any changes must be made through a new form—GSTR-1A. This change boosts accuracy but leaves scope for error, especially for small businesses.
From next month onwards, HDFC Bank will charge a 1% fee on credit card spending over Rs 10,000 per month for a) online gaming and b) digital wallet top-ups. Moreover, no reward points will be offered for these transactions. The private bank stated that utility and rent payments may also see reduced rewards.
The National Stock Exchange (NSE) is updating bidding rules for SME IPOs to make them simpler and more transparent for retail investors.
The RBI has come out with a proposal which may allow foreign investors to trade in rupee-based interest rate derivatives. While still in the draft stage, it could soon become a reality, expanding India’s financial markets.
There are other changes which were earlier announced by the FM, which are as follows:
Published 25 June 2025 at 18:16 IST