July 2025 kicks off with a slew of financial changes that will touch almost everyone—whether you’re withdrawing cash, booking train tickets, or handling tax filings.
While some updates could make digital experiences safer, others might take a little extra out of your pocket.
Starting July 1, Axis Bank will revise its ATM charges for financial transactions beyond the free limit. The fee jumps from ₹21 to ₹23 per transaction. This isn’t just for regular savings accounts. NRI, trust, priority, and burgundy customers are included too. The new charges apply even if you're using a non-Axis ATM.
The bank points to rising operational costs behind the change. But for customers, this means it might be time to rethink how often they hit the ATM, especially if they’re close to the free limit.
ICICI Bank is also changing its fee structure starting July 1. These updates apply across the board—non-ICICI ATM usage, cash deposits and withdrawals, and IMPS transfers. Customers in both metro and non-metro areas are affected.
It’s a good moment to skim through your bank's revised charges and possibly shift more transactions online, where many services are still cost-free or cheaper.
By mid-July, booking Tatkal train tickets is set to get stricter. From July 15, Aadhaar-based OTP authentication becomes mandatory for all online Tatkal bookings. That means one extra verification step before confirming your ticket.
For the first 30 minutes after Tatkal booking windows open, agents will no longer be allowed to book tickets. Only individual users will be able to access the window in that timeframe. This could ease the scramble and hopefully curb booking malpractices.
July is shaping up to be a deadline-heavy month for taxpayers. The big relief is the extended due date for filing Income Tax Returns for non-audited taxpayers—now pushed to September 15. But that doesn’t mean July is a month off.
By July 7, TDS or TCS deducted in June must be deposited. That’s also the deadline to upload Form 27C for TCS exemptions. Come July 15, several tasks are due—TDS certificates for May, Form 15CC for foreign remittances, and quarterly TCS returns covering April to June.
Form 15G/15H submissions also fall on this date. Plus, entities like stock exchanges, IFSC units, and government offices need to wrap up June’s reporting duties.
The final days of the month are no lighter. July 30 is when TCS certificates for Q1 and challan-cum-statements for June (covering property sales, rent, crypto trades) are due. July 31 adds to the crunch with the filing of Q1 TDS returns, Form 26Q, and reporting on interest exemptions by banks. Chartered accountants also have to file Form 10CCF for foreign deductions.
For pension funds, research bodies, and other notified institutions, some filings may have been pushed to September 15, but July remains a key checkpoint in the tax calendar.
