HDFC Bank will now count UPI-based cash withdrawals under the regular free ATM transaction limit. In metro cities, customers get 5 free transactions at HDFC ATMs and 3 at other bank ATMs; in non-metros, the limit is 5.
Financial rule changes from April 1, 2026
New Delhi: The new financial year has begun on April 1, 2026, bringing several important changes that directly impact your finances and routine. From ATM withdrawals and income tax rules to LPG prices and railway ticket cancellations, here are the key updates you need to know:
1. ATM Rules Updated
HDFC Bank will now count UPI-based cash withdrawals under the regular free ATM transaction limit. In metro cities, customers get 5 free transactions at HDFC ATMs and 3 at other bank ATMs; in non-metros, the limit is 5. After exceeding the limit, a charge of Rs 23 per transaction plus taxes will apply. Meanwhile, PNB has reduced the daily withdrawal limit for some cards from Rs 1 lakh to Rs 50,000.
2. New Income Tax System
The new Income Tax Law 2025 replaces the old 1961 Act. It simplifies taxation by merging Financial Year and Assessment Year into a single “Tax Year.” Rules related to HRA and allowances have also been revised, which may impact salary structures and tax planning.
3. Stock Market Taxes Increased
Traders in Futures & Options (F&O) will face higher costs. The Securities Transaction Tax (STT) on futures has increased by 150%, while options trading will see around a 50% hike.
4. FASTag Annual Pass Costlier
The FASTag annual pass (200 trips) has become slightly more expensive, rising from ₹3,000 to ₹3,075.
5. New Labour Code in Effect
Under the new labour rules, basic salary must be at least 50% of total salary. This could increase PF contributions and reduce take-home pay.
6. PAN Card Rules Tightened
Applying for a new PAN card now requires Aadhaar plus an additional document. PAN is also mandatory for high-value transactions like large cash deposits, property purchases, expensive hotel bills, and certain vehicle purchases.
7. LPG Prices Increased Again
After recent hikes in March, commercial LPG cylinder prices have gone up sharply by ₹195.5, adding pressure on both businesses and households.
8. Railway Ticket Cancellation Rules Changed
Refund rules are now stricter:
Full refund if cancelled 72+ hours before
25% deduction (72-24 hours)
50% deduction (24-8 hours)
No refund if cancelled within 8 hours
These changes are set to directly impact your monthly budget, so staying informed will help you manage your expenses better.
