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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
34 minutes ago
- Economic Times
Saudi Arabia's overall unemployment falls to just 2.8 per cent, with women leading the charge
Live Events What is driving Saudi Arabia's reduced unemployment rate Vision 2030 Goals Recalibrated How Saudis search for jobs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The unemployment rate among Saudi nationals dropped to an all-time low of 6.3 per cent in the first quarter of 2025, marking the lowest level since the Kingdom began publishing labor force data, according to the latest figures released by the General Authority for Statistics (GASTAT).This historic decline was largely attributed to Saudi women's increasing participation in the labor market and ongoing labor market reforms under Vision female unemployment rate fell to a record-low 10.5 per cent, a year-on-year drop of 3.6 percentage the labor force participation rate among Saudi women increased by 0.3 percentage points to 36.3 per cent, while the employment-to-population ratio rose by 0.7 percentage points to 32.5 per unemployment rate among Saudi men also continued its downward trend, falling slightly to 4.0 per cent, a year-on-year decline of 0.2 percentage the broader labor market, including both Saudis and non-Saudis, the overall unemployment rate fell to 2.8 per cent in Q1 2025, compared to 3.5 per cent during the same quarter a year economic empowerment initiatives were a major factor in the unemployment decline in Saudi Arabia. The labor force participation rate for Saudi women increased to 36.3 per cent, while their unemployment rate dropped from 14.1 per cent to 10.5 per cent over the past young Saudi women aged 15–24, participation rose to 18.4 per cent and the employment-to-population ratio reached 14.6 per cent, which shows early career core working-age Saudis (25–54), the employment-to-population ratio rose to 65.9 per cent, while labor force participation increased to 69.6 per cent. Unemployment for this group declined to 5.4 per labor force participation among young Saudi men (15–24) declined to 33.0 per cent, their unemployment rate also dropped to 11.6 per cent, which signals that many who remain active in the job market are securing positions. However, one of the points of concern remains as youth employment, as the employment-to-population ratio for this group also fell to 29.2 per centAmong older Saudis (55+), both labor force participation and unemployment rates dropped compared to Q4 of achieved its Vision 2030 unemployment target of 7 per cent in 2024, the Saudi government has revised its target to 5 per cent by International Monetary Fund , in its latest review, commended the labor market reforms that enabled this GASTAT report also highlighted the most popular job search methods. Around 75.8 per cent of job seekers directly approached employers, followed closely by 74.6 per cent who used the national unified employment platform, addition, 64.5 per cent reported posting or updating their CVs on professional social media platforms.
Mint
38 minutes ago
- Mint
Torrent Pharma to acquire majority stake in KKR-backed JB Chemicals at ₹25,689 crore valuation — Details here
Gujarat-based pharmaceutical giant Torrent Pharma announced on Sunday, 29 June 2025, that it is in definitive agreements with global investment giant KKR to acquire a majority stake in JB Chemicals, according to an exchange filing. The potential acquisition details show that the company plans to acquire J. B. Chemicals and Pharmaceuticals (JB Pharma) at an equity valuation of ₹ 25,689 crore on a fully diluted basis, which will be followed by a merger of the two companies. JB Pharma's promoter company, Tau Investment Holdings, is a KKR-owned investment vehicle which the global giant uses to own a stake in the pharma major. Tau Investment is a legally distinct legal entity of KKR & Co. Inc. Tau Investment currently holds a 47.84% stake in J. B. Chemicals and Pharmaceuticals, according to BSE data as on Sunday, 29 June 2025. The deal is set to be carried out in several phases. In the first phase, Torrent Pharma will acquire a 46.39% stake through a share purchase agreement (SPA), which will total ₹ 11,917 crore at the rate of ₹ 1,600 per share. After the first phase, the company will introduce a mandatory open offer to acquire up to 26% of JB Pharma shares from public stakeholders at an open offer price of ₹ 1,639.18 per share. The acquiring company also plans to acquire another 2.80% stake in the company from certain employees holding a stake of JB Pharma at the same price per share as KKR selling its stake. The company also announced its plans for a merger between Torrent and JB Pharma through a scheme of arrangement where every shareholder holding 100 shares in JB Pharma will receive 51 shares of Torrent Pharmaceuticals. 'We are pleased to have on board the JB Pharma heritage and build on the platform for the future. Torrent's deep India presence and JB Pharma's fast-growing India business, combined with the CDMO and international footprint offers immense potential to scale both revenue and profitability,' said Samir Mehta, the Executive Chairman of Torrent Pharma in the official statement. JB Chemicals & Pharmaceuticals shares closed 2.72% higher at ₹ 1,799.35 after Friday's stock market session, compared to ₹ 1,751.75 in the previous market close. Shares of the pharma company have given more than 398% returns on investment in the last five years. However, the stock has lost 0.03% in the last one-year period. On a year-to-date (YTD) basis, the shares are down 4.58% in 2025, but are currently trading 6.02% higher in the last one-month period. Torrent Pharmaceuticals shares also closed with 3.68% gains on Friday's market at ₹ 3,344.40, compared to ₹ 3,225.70 in the previous stock market session last week. Pharma major Torrent Pharmaceuticals shares have gained 181% in the last five years and are trading 21.35% higher in the last one-year period. The shares are trading 6.94% higher in the last five trading sessions. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Ketan Kumar Joshi named J&K Bank CFO for 3-year term, replaces Fayaz Ganai
The Bank notified the appointment to the stock exchanges in accordance with Sebi Regulations Press Trust of India Srinagar The Jammu and Kashmir Bank on Sunday announced the appointment of Ketan Kumar Joshi as its new chief financial officer for a term of three years. Joshi has replaced Fayaz Ahmad Ganai, a spokesperson of the J&K Bank said. The Bank notified the appointment to the stock exchanges in accordance with Sebi Regulations. "A seasoned professional in banking and finance, Joshi brings over two decades of extensive experience across Indian and international financial institutions," the spokesperson said. Before joining the J&K Bank, Joshi served as CFO at North East Small Finance Bank Ltd. (2019-2024), where he successfully led a number of critical initiatives. He also spearheaded the bank's system migration from FIS (PROFILE) to BSG (TURING), ensuring capital growth aligned with business expansion and regulatory requirements. Joshi has served in Afghanistan with Maiwand Bank, Bakhtar Bank, and Ghazanfar Bank. He also served as senior vice president at Bank of Tokyo-Mitsubishi UFJ Ltd, Mumbai. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
