Overview

• From July 1, Aadhaar authentication is compulsory for all new PAN applications and existing PAN cards must be linked by December 31 to avoid deactivation
• The Income Tax Department has extended the ITR filing deadline from July 31 to September 15 to reduce last-minute pressure
• State Bank of India will discontinue air accident insurance on select premium cards and introduce a new minimum amount due calculation
• HDFC Bank will levy a 1% fee (capped at ₹4,999) on high-value card transactions while ICICI Bank has revised ATM withdrawal, non-financial and international transaction charges
• Starting July 15, Indian Railways will require two-factor OTP authentication for all ticket bookings and apply a minor fare increase per kilometre