July 2025: Major Changes in Indian Banks, UPI & Credit Cards

1. Aadhaar Now Mandatory: Aadhaar required for new PAN applications and Tatkal train bookings (OTP needed from July 15).

2. Bank Charges Revised: HDFC, ICICI, SBI & Axis revised ATM, IMPS, and credit card fees. ₹23 per ATM txn post limit.

3. Credit Card Fee Updates: SBI, HDFC removed some free benefits and added charges on rent, wallets & bills.

4. UPI Chargeback Made Easier: Faster UPI refunds without NPCI approval. Better customer protection from July.

5. UPI Daily Limits & API Speed: Daily cap on UPI balance checks & faster response times (10 sec). New rules from July 31.

6. Extended Trading Hours: RBI extended interbank call money market hours to 7 PM from July 1.

7. ITR Deadline Extended: File your ITR for AY 2025–26 by September 15 instead of July 31.

8. GST Filing Rule Change: GSTR-3B returns now non-editable post-filing. Filing window capped at 3 years.

9. RBI Cloud Infrastructure: RBI to launch local cloud services for banks to boost digital security & self-reliance.