Get ready for some significant financial shifts, as June 1st marks the start of several new rules that could impact your wallet. From your provident fund to how you use your credit and debit cards, and even the price of your cooking gas, major changes are on the horizon. With just a few days left, it’s crucial to understand these updates to make informed financial decisions and avoid any unexpected surprises.

One of the most anticipated changes is the introduction of EPFO 3.0, designed to make provident fund withdrawals, KYC updates, and claim submissions much simpler. This new system aims to streamline the process, potentially allowing you to access your PF funds as easily as using an ATM. However, on the flip side, fixed deposit (FD) interest rates are expected to see a downward revision. Experts suggest that current rates, which typically range from 6.5% to 7.5%, might decrease. This means renewing or making new FDs before June 1st could be beneficial for maximizing your returns. Beyond these, credit card transactions are also undergoing changes, with potential penalties for auto-debit failures and increased charges for fuel and utility bill payments. You’ll also get clearer information on reward point systems. Similarly, debit card users might face additional charges for exceeding a set number of ATM transactions, potentially increasing expenses for frequent users. Lastly, expect the usual monthly revision in LPG gas prices, which could either bring relief with a price drop or add to household budgets with an increase. Staying informed about these multifaceted changes is key to navigating the upcoming financial landscape.