EconomyMonday, 1 June 2026·Hindu Tamil Thisai
UPI, LPG and PAN card rule changes from June 2026: MCQ-ready banking and payment facts
From 1 June 2026, new rules on UPI, LPG and PAN-related banking services came into force with specific compliance changes.
Key highlights
Direct fact
In June 2026, new rules announced by the Ministry of Petroleum and Natural Gas, the National Payments Corporation of India (NPCI), and banks came into force in India, covering LPG-PNG linkage, UPI payment safety, ATM service charges, and PAN-related compliance.
Key specifics
- PNG consumers must surrender their LPG connection within 30 days after the piped natural gas connection becomes operational.
- NPCI has made a new UPI safety feature mandatory from 1 June 2026, showing the recipient’s official bank-account name before entering the UPI PIN.
- UPI apps mentioned in the report include Google Pay, PhonePe and Paytm, which will display the beneficiary’s original name on screen.
- Monthly free ATM transaction limits are stated as 3 to 5, after which charges for cash withdrawal, mini statement and balance check may rise.
- PAN number is still mandatory for high-value transactions such as cash deposits above ₹50,000 and property registrations above ₹20 lakh.
Exam lens
Question type: banking and digital payments, LPG-PNG regulation, PAN compliance; key facts: 1 June 2026, NPCI, 30 days, 3 to 5 ATM transactions, ₹50,000 and ₹20 lakh. TNPSC may ask which institution introduced the UPI safety step or which transactions still require PAN.