Key financial changes in June 2026 you must know:From safer UPI payments to new credit card-related rules, here’s a complete guide

In June 2026, many financial regulatory changes would take effect, directly affecting people’s pockets. From credit card rule changes and safer UPI payments to costlier cars, let’s find out what those are: Export duty reduced on petrol, diesel and ATF: New rates effective from 1 June From Monday 1, June 2026, the central government has reduced export duty on petrol, diesel and aviation fuel. According to a government statement issued on Saturday, these new rates would come into effect from Monday. New export duty as per government announcement Changes based on review every 14 days These rates are revised every 15 days. These changes are based on the average international prices of crude oil, petrol, diesel and ATF during the period after the previous review. Uncertainty regarding Railway’s food item price hike The new and increased prices of food items in food stalls at stations coming under the remit of the Central Railway were to be implemented from 1 June 2026. Albeit there is a lot of uncertainty, as various media reports indicate that the Railways has rolled back the proposed hike but noting could be confirmed. However, the proposed new price list looked like this:
UPI payments to become more secure Whenever a citizen would scan a QR code or send money to somebody directly by typing his mobile number, that citizen’s UPI app would display the recipient’s verified bank-registered name on the screen and not his nickname as saved by that citizen in his smartphone. The National Payments Corporation of India (NPCI) had launched this transparency feature to prevent digital fraud. It would roll out in June. Maruti cars to become more expensive by up to ₹30,000 India’s largest car manufacturer, Maruti Suzuki India, had announced an increase in the prices of its Passenger Vehicles (PV) by up to ₹30,000. These new prices, increased by the company, would be effective in June 2026. The company had taken this decision due to continuously increasing input costs. According to Maruti, this price increase would be applicable to all models in its portfolio. However, the extent of the price increase for each car will depend on its model and variant. The company had provided this information in a stock exchange filing. Prices of All Arena-Nexa Models Will Increase The company sells its vehicles through two different dealership channels, which include Arena and Nexa. From June, cars sold through both these channels will become more expensive. Arena Models: Prices of Alto K10, S-Presso, Celerio, WagonR, Eeco, Swift, Dzire, Ertiga, Brezza, and Victoris, which come under this channel, will change. Nexa Models: Prices of Baleno, Fronx, Grand Vitara, Jimny, XL6, Invicto, and the recently launched electric car – e-Vitara, which are sold under the premium Nexa channel, will also increase. Price Increase After More Than 1 Year Maruti Suzuki had last increased the prices of its cars in April 2025. At that time, the company had increased the prices of different models by up to ₹62,000. Now, after a gap of more than 1 year, the company has announced another price increase. Hyundai cars will become costlier by up to ₹12,800 Hyundai Motor India’s cars are going to become expensive from 1 June, 2026, as well. The company had decided to increase the prices of its cars by up to ₹12,800. The new prices would be determined based on different models and variants. Hyundai has cited three main reasons behind increasing the prices of its cars. According to the company, this decision became necessary due to changes in business operations: Increase in Input Costs: Input costs associated with automobile manufacturing are continuously increasing. Surge in Commodity Prices: The prices of essential commodity materials used in making cars have become quite high. Operational Expenses: Operational expenses related to running the company and car production have increased. Advance tax deadline The deadline for payment of the first advance tax instalment for the financial year 2026-27 (FY27) is June 15. Advance tax is compulsory for those whose net tax liability for full financial year is
₹10,000 or more. Such taxpayers will have to pay 15% of their advance tax liability on 15 June. Fewer rewards, higher interest on credit cards According to a report by ‘CNBC TV18’, Bank of Baroda is increasing the interest rate on unpaid dues for its One co-branded credit card from 3.49% to 3.75% per month, from 23 June. In another major change, from 18 June, ICICI Bank would reduce reward points given on rent payments made through the Amazon Pay credit card.