1 July 2026 New Rules: 5 big rules related to money will change, from ITR to Passport, what will be expensive?

By Samira Vishwas On Jun 29, 2026

Business Desk – 1 July 2026 New Rules: The first date of every month brings many big financial changes, but the rules coming into effect from 1 July 2026 are going to directly impact your pocket. If you are going to file Income Tax Return (ITR), use a credit card, are thinking of getting a new passport or avail banking services, then it is very important for you to know about these changes.

On one hand, making a passport will become expensive, while on the other hand, RBI will take strict action against mis-selling by banks. At the same time, Aadhaar holders will also get big relief. Let us know 5 big financial changes to be implemented from July 1.

ITR Filing: Deadline for filing income tax return is near

Time is running out fast for taxpayers filing ITR-1 and ITR-2 for the financial year 2025-26. The last date to file income tax return is 31 July 2026.

If ITR is not filed by the due date, late fees and penalties may have to be paid. Apart from this, you will not be able to get the benefit of choosing the tax regime of your choice and carrying forward old losses.

Aadhaar Update: Updating email in Aadhaar is now free

There is news of relief for Aadhar card holders. From July 1, 2026, the Unique Identification Authority of India (UIDAI) has completely waived the fee of Rs 75 for updating the registered email ID through the Aadhaar mobile app. This facility will remain free till 31 December 2026. UIDAI says that this decision has been taken to promote digital updates.

Credit Card Rules: New rules for SBI and HDFC customers

From July 1, the rules are changing for some credit card users of SBI Card and HDFC Bank. SBI Card is making changes to the reward points program of its select PhonePe SBI Credit Cards (PURPLE and SELECT BLACK). Under the new rules, a limit on earning reward points will be fixed and rewards will no longer be available on some transactions.

At the same time, HDFC Bank credit card holders will now get 3 free domestic airport lounge access every quarter only if they have spent at least Rs 60 thousand in the previous quarter. That means, to get this facility in July-September 2026, an expenditure of Rs 60 thousand was necessary during April-June 2026.

Passport Fees: Making a new passport will now be expensive

If you are preparing to get a new passport or renew the old one, then now you will have to spend more money. The Ministry of External Affairs has increased the fees under the Passport (Amendment) Rules, 2026.

A 36 page normal passport will now cost Rs 2,500 instead of Rs 1,500.
The 36 page Tatkal passport will now cost Rs 5,000 instead of Rs 3,500.
A 60 page normal passport will be made for Rs 3,500 and a Tatkal passport will be made for Rs 6,000.

RBI New Rules: If mis-selling of the bank is proved then you will get full money back

Reserve Bank of India (RBI) is going to implement the new framework of ‘Responsible Business Conduct’ from July 1, 2026. Its purpose is to protect bank customers from mis-selling financial products. Often bank employees or agents sell insurance policies or other investment products to customers without giving complete information. This is called mis-selling.

Under the new rule, if mis-selling is proved with any customer, then the concerned bank will have to return the entire money of the customer. Not only this, the customer will also have to pay compensation for the loss incurred. RBI has also decided to crack down on ‘dark patterns’ that mislead customers on digital platforms, so that banking services can become more transparent and secure.

How will these changes affect your pocket?

These changes, which will come into effect from July 1, are directly related to the common people. While the cost of making a passport will increase and conditions on some credit card facilities will become stricter, customers will also get relief due to free Aadhaar updates and implementation of strict rules on mis-selling by banks. In such a situation, if you have any pending work related to these rules, then plan ahead only after understanding the new changes.