New Credit card rules News

Key Financial Changes In June 2025: As we approaches June 2025, a series of important financial changes will take effect from today June 1, and they may directly impact how you manage your day-to-day money matters. The new changes are expected to impact individuals and businesses actively engaged in the financial sector. These updates touch on several key areas, including credit card usage, ATM withdrawal charges, LPG prices, fixed deposit interest rates, and Aadhaar car updates. Adding further, the RBI is likely to announce an interest rate cut on June 6 during the monetary policy announcement.  

ATM Withdrawals And New Credit Card Rules: Starting May 1, withdrawing cash from ATMs will become more expensive as the Reserve Bank of India (RBI) has increased interchange fees, according to media reports. The revised charges will apply after customers exceed their free transaction limit—five in metro cities and three in non-metro areas at other banks' ATMs.  According to government data, digital payments in India were valued at ₹952 lakh crore in FY14. By FY23, this number surged to ₹3,658 lakh crore, highlighting a significant shift toward cashless transactions.     

New Credit Card Rules On UPI: In June 2022, the Reserve Bank of India (RBI) allowed RuPay credit cards to be linked with UPI, which was previously used only as a pay-now facility. 

New credit card rules are going to be implemented from October 1. Credit issuers must ask permission from card holders before increasing credit limit. Credit card tokenisation will become mandatory from October 1.