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Economic Times
19 hours ago
- Business
- Economic Times
Train tatkal booking with Aadhaar OTP, ATM charges, EPFO deadlines: Four money changes from July 2025
ET Online Major changes in July 2025 The upcoming month July is set to bring key financial and service-related changes that will impact bank customers, train travelers and EPF members. Indian Railways has introduced Aadhaar-based authentication as a mandatory requirement for booking Tatkal train tickets online, with stricter rules rolling out in phases throughout the month. Major banks such as Axis Bank, ICICI Bank, and EPFO have revised their rules related to ATM fees, service charges, and UAN activation deadlines. ET Wealth Online tells you the four money changes from July 2025 that will impact you. Axis Bank tariff changes in July 2025 Axis Bank has changed the fees it charges for savings and trust accounts. The new fees will start to apply on July 1, 2025. The bank as revised fee for ATM transactions that exceed the free limit at both Axis and non-Axis ATMs. This change will effect a large number of account holders, including those with savings, NRI, and Trust Accounts, as well as some Priority and Burgundy category July 1, 2025, the fee for financial transactions (such as cash withdrawals or balance inquiries) conducted at Axis or non-Axis ATMs beyond the free transaction limit will increase. Here's a clear comparison: Existing Fee: Rs 21 per transaction Revised Fee: Rs 23 per transactionThis increase of Rs 2 per transaction applies to all financial transactions that exceed the free limit set by the bank for your account type. Also read: Axis Bank revises ATM transaction fees effective July 1, 2025: Check revised charges Aadhaar authentication for online Tatkal train bookings Tatkal train tickets purchased via IRCTC's official website and mobile app will only be accessible to individuals who have successfully authenticated with Aadhaar as of July 1, 2025. This means that passengers must link their Aadhaar number with their IRCTC user profile and verify it successfully to be able to book Tatkal tickets Aadhaar-based OTP authentication will become mandatory for Tatkal train tickets bookings made online starting 15th July the new rule, authorised agents will not be allowed to book Tatkal tickets during the first 30 minutes of the booking window on the day Tatkal train tickets bookings open. New tatkal ticket booking rules: Aadhaar OTP must from July 2025, agents can't book tatkal in first half hour in AC, non-AC coaches and more Starting July 15, 2025, all Tatkal tickets booked at computerised Passenger Reservation System (PRS) counters and through authorised railway agents will require an extra layer of verification through OTP (One-Time Password) authentication. ICICI Bank revised service charges ICICI Bank has revised its service charges for certain transactions. Customers of the bank will face revised charges across a range of banking services, including demand drafts, ATM transactions at non-ICICI Bank ATMs in both metro and non-metro cities, cash deposit and withdrawal services, and debit card fees. The updated charges will come into effect from July 1, 2025. ICICI Bank revises charges on ATM transactions, cash deposits, cash withdrawals, IMPS money transfer and more. Small Savings changes The government will announce interest rates on small savings schemes which will be applicable from July to September quarter. Credit card changes Many banks including SBI, HDFC Bank and Kotak Mahindra Bank have revised their credit card rules, which will come into effect in July 2025. These include the discontinuation of free air accident insurance on certain SBI cards, the introduction of new transaction fees and reward point limits by HDFC Bank, and the gradual replacement of the Myntra Kotak Credit Card with the Kotak League Credit Card. The updated terms of these credit cards should be reviewed by cardholders to prevent any loss. Credit card changes in July Railway fee hike Beginning July 1, 2025, Indian Railways will implement a slight increase in passenger rates across various classes. According to the Railway Ministry, non-AC class rates on Mail and Express trains will rise by 1 paise per kilometre, while AC class fares will rise by 2 paise per km. For instance, a 500 kilometre journey in second class costs an additional Rs 5. According to officials, the fare change is meant to partially cover rising operational costs while also improving service quality across the network.
India.com
2 days ago
- Business
- India.com
Indian Railways News: Aadhaar OTP for Tatkal, ATM charges, EPFO deadline & More: Check major money changes from July 2025 here
New Delhi: The month of July is set to bring a slew of key financial and service-related changes that promise to affect the bank customers, train travelers and EPF members. Major banks such as Axis Bank, ICICI Bank, and EPFO have revised their rules related to ATM fees, service charges, and UAN activation deadlines. Indian Railways, on the other hand, has brought in Aadhaar-based authentication as a mandatory requirement for booking Tatkal train tickets online, with stricter rules rolling out in phases throughout the month. Axis Bank tariff changes in July 2025 Starting July 1, 2025, the fee for financial transactions (such as cash withdrawals or balance inquiries) conducted at Axis or non-Axis ATMs beyond the free transaction limit will increase. In a major move, the Axis Bank has changed the fees it charges for savings and trust accounts. The new fees will start to apply on July 1, 2025. The bank as revised fee for ATM transactions that exceed the free limit at both Axis and non-Axis ATMs. It is important to note that this change will effect a large number of account holders, including those with savings, NRI, and Trust Accounts, as well as some Priority and Burgundy category customers. Existing Fee: Rs 21 per transaction Revised Fee: Rs 23 per transaction Aadhaar authentication for online Tatkal train bookings Passengers booking Tatkal train tickets via IRCTC official website or mobile app will be required to complete Aadhaar-based authentication starting July 1, 2025. Only users whose Aadhaar numbers are verified will be allowed to book Tatkal tickets online. Aadhaar-based OTP authentication will become mandatory for Tatkal bookings made online post 15th July 2025. Tatkal tickets purchased through authorized agents and at computerized Passenger Reservation System (PRS) counters will need an OTP authentication The OTP will be sent to the user's mobile number at the time of booking. This will be effective from July 15, 2025. Indian Railways has introduced a restriction on authorised ticketing agents. Starting soon, these agents will not be allowed to book Tatkal tickets during the first 30 minutes of the booking window on the day the Tatkal quota opens. For AC classes, agents cannot book Tatkal tickets between 10:00 AM and 10:30 AM. For non-AC classes, the restriction applies from 11:00 AM to 11:30 AM ICICI Bank revised service charges ICICI Bank has updated its service charges for select transactions, effective July 1, 2025. Customers will see revised fees across various banking services, including demand drafts, ATM usage at non-ICICI Bank ATMs in metro and non-metro areas, cash deposits and withdrawals, and debit card-related services.
Time of India
3 days ago
- Business
- Time of India
From Tatkal bookings for trains to ATM fees: Big changes coming in July 2025 - All you need to know
This is an AI-generated image, used for representational purposes only. The month of July 2025 is set to bring significant financial and service-related changes for Indian consumers, especially affecting train travellers and bank customers. These key shifts, from Aadhaar-based Tatkal ticket booking to new banking fees, could impact your daily transactions and travel plans. Here are the big changes applicable from the month of July: Aadhaar mandatory for online Tatkal bookings Starting July 1, Indian Railways will make Aadhaar authentication compulsory for booking Tatkal tickets online via the IRCTC website and mobile app. Travellers will need to link and verify their Aadhaar with their IRCTC profile to be eligible. A stricter Aadhaar-based OTP verification will come into effect from July 15 for all Tatkal tickets booked online. Additionally, authorised agents will be barred from booking Tatkal tickets during the first 30 minutes of the booking window. Even Tatkal tickets booked at PRS counters and through agents will require OTP verification from mid-July. Axis Bank revises ATM and account charges Axis Bank will implement revised charges across savings, NRI, and Trust accounts starting July 1. Customers exceeding their free transaction limits at Axis and non-Axis ATMs will now be charged Rs 23 per transaction, up from Rs 21. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Adidas Three Shorts With 60% Discount, Limited Stock Available Original Adidas Shop Now Undo This will apply to all financial transactions such as withdrawals and balance inquiries, beyond the free quota. Small Savings changes The government is set to announce the interest rates for small savings schemes, which will take effect during the quarter from July to September, reported ET. ICICI Bank to roll out new service fees ICICI Bank will also enforce a new set of service charges beginning July 1. According to ET, ATM users in metro cities will get three free transactions at non-ICICI ATMs, while non-metro customers will get five. Beyond these, Rs 23 will be charged for financial transactions and Rs 8.50 for non-financial ones. Other revisions include Rs 125 per international ATM withdrawal and updated fees for IMPS transfers. Cash transactions will be limited to three free branch/CRM uses a month, post which Rs 150 will be levied per transaction. With these sweeping changes across sectors, customers are advised to update their Aadhaar details, review their bank's updated charges, and complete necessary activations to avoid disruptions. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
02-06-2025
- Business
- Time of India
Axis bank revises ATM transaction fees effective July 1, 2025: Check revised charges
Axis Bank has announced an update to its tariff structure for savings and trust accounts, with changes taking effect from July 1, 2025. The bank is revising the fees for ATM transactions beyond the free limit for both Axis and non-Axis ATMs. This revision will affect a wide range of account holders, including those with savings, NRI, and Trust Accounts, and certain Priority and Burgundy segment customers. According to RBI's notification on March 28, 2025, "The ATM interchange fee will be as decided by the ATM network." "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025. Applicable taxes, if any, shall be additionally payable. These instructions shall also apply, mutatis mutandis, to transactions done at Cash Recycler Machines (other than for cash deposit transactions)," the notification states. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esse novo alarme com câmera é quase gratuito em Porto Alegre (consulte o preço) Alarmes Saiba Mais Undo ATM cash withdrawal charges to increase from May 1: RBI's new ATM transaction rules take effect from today What is an ATM interchange fee? An ATM interchange fee is a charge that one bank pays to another bank for offering ATM services to customers. Banks often pass on these charges to users as part of their banking costs. For instance, if you are an HDFC Bank customer and use an SBI ATM to withdraw money and reside in Delhi, HDFC Bank will charge you if you make the fourth transaction in a month at an SBI ATM as an HDFC Bank customer. Live Events Axis Bank ATM charges from July 1, 2025 Starting July 1, 2025, the fee for financial transactions (such as cash withdrawals or balance inquiries) conducted at Axis or non-Axis ATMs beyond the free transaction limit will increase. Here's a clear comparison: Existing Fee: Rs 21 per transaction Revised Fee: Rs 23 per transaction This increase of Rs 2 per transaction applies to all financial transactions that exceed the free limit set by the bank for your account type. Free ATM transaction limits from May 1, 2025 RBI has clarified the number of free ATM transactions a customer can make each month, distinguishing between own bank ATMs and those operated by other banks: In metro cities, customers can make up to three free transactions per month. In non-metro, the limit is set at five free transactions per month. Other bank ATMs HDFC Bank Metro ATMs: 3 free transactions per month. After that, cash withdrawal is charged at ?23 plus applicable taxes. Non-Metro ATMs: 5 free transactions per month. Non-financial transactions beyond the free limit are charged at ?8.50 plus applicable taxes. State Bank of India Starting February 1, 2025, the State Bank of India (SBI) has revised the number of free ATM transactions available for savings account holders across various average monthly balance (AMB) brackets. Under the revised policy, all customers, irrespective of their AMB or location (metro or non-metro), will be entitled to 5 free transactions at SBI ATMs and 10 free transactions at other bank ATMs per month.
