Significant Updates: Tatkal Train Bookings and ATM Fee Changes
The month of July 2025 is poised to bring notable changes for Indian consumers, particularly impacting train travelers and banking customers. Key updates include the mandatory use of Aadhaar for online Tatkal ticket bookings and revised banking fees from major banks. These adjustments could significantly affect daily transactions and travel plans, prompting consumers to stay informed and prepared for the upcoming shifts.
Aadhaar Authentication for Tatkal Bookings
Beginning July 1, Indian Railways will require Aadhaar authentication for all online Tatkal ticket bookings through the IRCTC website and mobile app. Travelers must link and verify their Aadhaar details with their IRCTC profiles to complete their bookings. This new regulation aims to enhance security and streamline the booking process. Additionally, starting July 15, a stricter Aadhaar-based OTP verification will be implemented for all online Tatkal ticket purchases. This means that even tickets booked at Passenger Reservation System (PRS) counters and through agents will necessitate OTP verification. Furthermore, authorized agents will be prohibited from booking Tatkal tickets during the first 30 minutes of the booking window, ensuring that individual travelers have priority access to tickets during peak demand times.
Revised Charges by Axis Bank
Axis Bank will introduce new charges for various account types, including savings, NRI, and Trust accounts, effective July 1. Customers who exceed their free transaction limits at both Axis and non-Axis ATMs will incur a fee of Rs 23 per transaction, an increase from the previous charge of Rs 21. This fee applies to all financial transactions, including withdrawals and balance inquiries, that go beyond the allotted free quota. The bank’s decision to revise these charges is part of a broader strategy to manage operational costs while maintaining service quality. Customers are encouraged to review their account details and transaction limits to avoid unexpected fees.
Changes to Small Savings Schemes
The government is set to announce new interest rates for small savings schemes, which will take effect from July to September. These changes are anticipated to influence the returns on various savings instruments, impacting millions of investors who rely on these schemes for their financial planning. The adjustments in interest rates will be closely monitored by financial analysts and consumers alike, as they play a crucial role in determining the attractiveness of small savings options in the current economic climate. Stakeholders are advised to stay updated on these announcements to make informed decisions regarding their savings.
ICICI Bank’s New Service Fees
ICICI Bank will implement a new set of service charges starting July 1, affecting customers across various account types. In metro cities, ATM users will receive three free transactions at non-ICICI ATMs, while customers in non-metro areas will benefit from five free transactions. After these limits are exceeded, a fee of Rs 23 will apply for financial transactions and Rs 8.50 for non-financial transactions. Additionally, international ATM withdrawals will incur a charge of Rs 125, and updated fees will apply for IMPS transfers. Customers should also note that cash transactions at branches or Customer Relationship Management (CRM) locations will be limited to three free uses per month, after which a fee of Rs 150 will be charged per transaction. With these significant changes on the horizon, customers are urged to review their banking arrangements and prepare for the adjustments to avoid any disruptions in service.
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