Archive · 1 Jul 2025
Financial Overhaul: Aadhaar for PAN, New ITR Deadline, and Bank Fee Updates
Starting July 1, if you apply for a new PAN card, you must use your Aadhaar to confirm your identity.
Also, you now have until September 15 to file your income tax return.
Some banks like SBI and HDFC are changing their rules.
SBI credit cards won't include free flight insurance, and HDFC will charge more for things like rent payments and wallet reloads.
ICICI Bank will be charging for ATM and cash services too.
So, review any updates from your bank to avoid extra fees!
Aadhaar verification is mandatory for new PAN card applications starting July 1, 2025.
The ITR filing deadline for the Assessment Year 2025-26 has been extended to September 15.
SBI Card has discontinued free air accident insurance on certain premium credit cards.
HDFC Bank will implement new charges on rent payments, wallet reloads, utility bill payments, and gaming spends.
ICICI Bank will change ATM and cash handling fees.
- Who
- Individuals applying for PAN cards, taxpayers, and bank customers.
- What
- Changes including mandatory Aadhaar verification for PAN cards, extended ITR deadline, and updated banking charges.
- When
- Starting July 1, 2025 for PAN and other changes effective in July and onwards.
- Where
- India
- Why
- To strengthen the tax system, and update fees.
Customers
Banks
Cost of services.
Customers
Increased fees and charges.
Banks
Potential benefits from insurance and reward points.
- PAN Aadhaar Verification Start
- July 1, 2025
- New ITR Filing Deadline
- September 15
- SBI Card Change
- Discontinuation of free air accident insurance on some credit cards
- HDFC Bank Changes
- Fees on rent, wallet reloads, utility bills, gaming spends
- ICICI Bank Changes
- Updates on ATM and cash handling fees
Sources
Big money-related changes coming in July: Know new financial rules effect on your pocket
How July changes will affect your banking, travel and taxes
New Rules From July 1, Changes In PAN, ITR, Bank & Credit Card Services You Must Know
Railway Fare Hike Kicks In From Tomorrow, No Extra Charge For Pre-Booked Tickets
Aadhaar-PAN Link, ATM Withdrawal Fees, More. Financial Changes From July 1
From LPG Prices To Train Fares: 5 Key Rule Changes Across India Starting July 1, 2025; Check Details
Aadhaar now mandatory for PAN: New rule comes into effect – know what you need to do