New Rules From June 1: UPI, PAN, ATM Withdrawals, LPG Cylinder Prices & More: What Changes From Today

Multiple important financial and regulatory changes have come into effect today, June 1, 2026, which is going to impact millions of Indians. These updates could affect your daily finances and banking activities. New UPI payment security measures and revised PAN card rules to changes in ATM withdrawal charges, LPG cylinder prices, advance tax deadlines and upcoming EPFO UPI withdrawals.

Changes in UPI Payments

The National Payments Corporation of India (NPCI) has introduced stronger security measures for UPI users. High-value transactions may now require biometric authentication such as fingerprint or facial recognition instead of relying solely on a PIN.

Additionally, users will be able to see the recipient's verified bank-registered name before completing a transfer, reducing the risk of fraud and accidental payments. Some transactions may also require additional device verification as part of enhanced security protocols.

ATM Withdrawals And Banking Services To Cost More

Several banks, including HDFC Bank, Punjab National Bank and Bandhan Bank, are revising ATM-related charges from June 1. Customers will face higher fees for cash withdrawals, balance enquiries and mini-statements after exhausting their free transaction limits.
Another major change is that cardless ATM withdrawals will now be counted within the monthly free transaction limit, after which charges may apply.

PAN Card Rules Update

The government has revised several PAN-related compliance rules. PAN will no longer be mandatory for routine cash deposits above Rs. 50,000, but reporting requirements will apply if total deposits or withdrawals cross Rs. 10 lakh in a financial year.

The threshold for mandatory PAN submission in property transactions has been increased from Rs. 10 lakh to Rs. 20 lakh. Property deals worth Rs. 45 lakh or more will now require compulsory reporting. PAN has also become mandatory for gift deeds, joint development agreements and vehicle purchases worth Rs. 5 lakh or more.

Advance Tax Deadline Approaching

Taxpayers who are required to pay advance tax should note that June 15, 2026, is the due date for the first advance tax instalment of FY 2026-27. The requirement generally applies to individuals and businesses with tax liability not fully covered through TDS.

New Rules For Solar Projects

The government has made it mandatory for all government-backed, subsidised and net-metered solar projects to use modules listed under the Approved List of Models and Manufacturers (ALMM). This is expected to support domestic manufacturing and ensure quality standards in the renewable energy sector.

EPFO UPI Withdrawals Coming Soon

Employees' Provident Fund Organisation (EPFO) is in the final stages of testing a new facility that will allow provident fund withdrawals through UPI. Once launched, the feature is expected to provide faster & convenient access to PF funds.

LPG Cylinder Prices Revised

LPG cylinder prices have been revised from June 1 where oil marketing companies have increased the price of a 19-kg commercial LPG cylinder by Rs. 42 in Delhi, taking the retail price to Rs. 3,113.50 per cylinder. In Kolkata, the hike is steeper at Rs. 53.50, pushing the price to Rs. 3,255.50. Additionally, the price of 5-kg Free Trade LPG cylinders has been increased by Rs. 11, with the revised rate in Delhi now standing at Rs. 821.50. However, there is some relief for households as domestic LPG cylinder prices are unchanged despite the latest revision.