financial rule
Many major financial changes are going to be implemented in the country from July 1, 2026. These changes will affect millions of working people, passport holders, pensioners and credit card users. Therefore, it is important to be aware of every update. By following the rules at the right time, you can avoid fines and unnecessary troubles.
1. Withdrawal of PF from UPI can be easy
Employees’ Provident Fund Organization (EPFO) may launch its new digital platform EPFO 3.0 in July. The aim of this new system is to provide better and easier online services to the people than before. If this facility is started, then EPF account holders will be able to withdraw their PF money directly through UPI. Currently, it takes several days to withdraw PF, but after the implementation of the new system, this process can become much faster and easier. This will provide great relief to lakhs of employees.
2. Expectation of increase in Dearness Allowance (DA)
Every year the Central Government reviews Dearness Allowance (DA) in January and July. Therefore, lakhs of central employees and pensioners are waiting for DA increase even in July 2026. If the government increases DA, then the salary of employees and pension of pensioners will increase. This may provide some relief to people amid rising inflation. However, the final announcement from the government is still awaited.
3. HDFC Bank credit card rules will change
HDFC Bank has changed the rules of its Regalia Gold and Diners Club Privilege credit cards. Some changes have already been implemented, while new rules related to airport lounge access will come into effect from July 1, 2026. As per the new rule, Regalia Gold cardholders will have to spend at least Rs 60,000 in the previous quarter to avail the free domestic airport lounge facility. If the stipulated expenditure is not met, the free lounge facility will not be available.
4. Change in reward points of SBI Card
SBI Card has also changed the rules of its PhonePe SBI Card Purple and PhonePe SBI Card Select Black credit cards. From July 1, 2026, the limit on reward points received every month on these cards will be fixed. There will be different limits for reward points received on insurance premium and other expenses. Besides, the maximum reward points available on online purchases have also been reduced as compared to earlier.
5. Getting a passport will be expensive
From July 1, 2026, getting a passport will become more expensive than before. The government has increased the passport fees after almost 14 years. After the implementation of the new rules, you may have to spend Rs 1,000 to Rs 2,500 more to get a passport. This new fee will be applicable to all types of passport applications. That is, if you are getting a passport made for the first time, are getting an old passport renewed, are getting a new passport made in place of a lost or damaged passport or are getting a passport made for your child, then you will have to pay increased fees in each category.
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