Investments

The New Fund Offer (NFO) opens on June 2, 2025, and closes on June 16, 2025. Source

The previous peak was in March, when UPI recorded 18.3 billion transactions worth ₹24.77 trillion. Source

The new rule applies to all SB accounts, including regular savings, salary, and NRI accounts. Source

The new accounts cater to the evolving financial needs of NRIs. They come with high-end debit cards—IND D’Elite, IND Premium, and IND Plus. Source

Markets now see a 25% probability of a July rate cut, with chances of two rate cuts this year rising to 70%. However, if the Fed hints at a slower pace of easing, the dollar may strengthen—putting pressure on bullion. Source

HDFC Bank will revise its credit card charges from July 1, 2025, affecting online gaming, wallet loading, utilities, and insurance transactions. Source

Axis Bank will raise ATM transaction fees from ₹21 to ₹23 for savings and trust accounts starting July 2025. The change applies to transactions beyond free monthly limits at all ATMs. Source

Employees must activate their UAN and link it with both Aadhaar and their bank account to access benefits under the scheme. Source

Spot gold fell 0.3% to $3,369.98 per ounce by 0249 GMT. US gold futures held steady at $3,390 an ounce. Source

The Ministry of Rural Development’s Department of Land Resources has uploaded the draft bill online and is inviting public suggestions till June 25, 2025. Source