Several financial and policy changes have come into effect from July 1, impacting taxpayers, travellers, bank customers and Aadhaar users. Here's a look at the key changes, excluding commercial LPG prices.
Passport fees revised
The Centre has increased passport application charges under the Passports (Amendment) Rules, 2026. Fees for both regular and Tatkaal passport applications have gone up across different categories.
ITR filing deadline approaches
July marks the final month for filing Income Tax Returns (ITR-1 and ITR-2) for FY 2025-26. The due date remains July 31, and missing the deadline may attract a late fee of up to ₹5,000, depending on the taxpayer's income.
Free Aadhaar email update
The Unique Identification Authority of India (UIDAI) is allowing users to update their registered email address free of cost through the Aadhaar mobile app until December 31, 2026. The existing ₹75 fee has been waived for digital updates.
New RBI rules against mis-selling
The Reserve Bank of India has introduced a stricter framework to curb the mis-selling of financial products by banks. Customers sold financial products without proper consent or through misleading practices will be entitled to refunds and compensation, while banks must also limit promotional calls to specified hours.
Credit card rule changes
SBI Card has revised reward point rules for select PhonePe SBI credit cards, while HDFC Bank has changed the eligibility criteria for complimentary airport lounge access on select cards by linking it to quarterly spending requirements.
EPFO digital upgrade
The Employees' Provident Fund Organisation (EPFO) has upgraded its digital services to improve online access and user experience, making several member services more efficient
