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Tezzbuzz Desk- Many important changes to banking, digital payments and financial services have come into effect in the country from June 1, 2026. The aim of these new rules is to make online transactions more secure, increase financial transparency and provide better digital facilities to customers. Changes to UPI payment, PAN card, ATM services and PF withdrawal will directly affect the common people.

Increased security in UPI transactions

Now before making payment through any UPI app, the real name of the person registered in the bank account will be visible. This facility will be applicable to all transactions done through mobile number, UPI ID and QR code.

This change will prevent fraud through fake names and will make it easier for users to make payments to the right person.

Changes in PAN card rules

Some important amendments have also been made in the rules to PAN card. Now the reporting limit has been increased in many cases, which will provide relief to people doing small and medium scale financial transactions.

The reporting limit has been increased in some cases to property purchase and sale, while monitoring of large financial transactions will continue as before. The government aims to make financial transactions more transparent.

Expenses on ATM services may increase

Many banks are changing ATM transaction charges. Services like cash withdrawal, balance check and mini statement may attract additional charges after the prescribed free transaction limit is reached.

Customers have been advised to check the new guidelines and fee list issued by their bank.

PF withdrawal will become easier

Employees Provident Fund Organization (EPFO) is preparing to launch UPI based PF withdrawal facility soon. After the implementation of this system, employees will not have to wait for a long process to receive the PF amount.

Through the new facility, PF amount can be sent directly to the bank account linked to UPI, which will make the withdrawal process faster and easier.

Update for railway passengers also

Southern Railway has changed the operating timings of suburban trains. New time table of trains has been implemented on many routes. Passengers have been advised to check the latest timings on the railway app or station display board before travelling.

Why are these changes necessary?

According to experts, all these changes are important steps towards strengthening the Digital India campaign. This will reduce online fraud, make banking services more secure and promote digital transactions. Crores of bank customers and digital payment users are expected to benefit from these reforms in the coming time.