June will see the highly awaited Lok Sabha elections 2024 results that will be announced on June 4. The markets will keenly observe the election results as any response can affect investment portfolios of investors.

1. Mutual Fund Nomination

   • Existing mutual fund investors must nominate a beneficiary or opt-out by June 30. Failure to comply will result in a freeze on the account, affecting future transactions.

2. Advance Tax

   • The first installment of advance tax is due by June 15 for individuals and businesses with tax liabilities over ₹10,000. Timely payment is crucial to avoid interest penalties.

3. Traffic Fines

   • New penalties for traffic violations have been introduced, including heftier fines for overspeeding, driving without a license, and other infractions. Stay updated to avoid unexpected fines.

4. Credit Card Updates

   • Various banks are updating their credit card fees and reward structures. Review your card’s terms to understand changes in annual fees, reward points, and other benefits.

5. HDFC UPI Alerts

   • From June 25, HDFC Bank will provide SMS alerts for UPI transactions over ₹100. This measure aims to enhance security and help customers monitor their transactions effectively.

6. Aadhaar Updates

   • The deadline for free online Aadhaar updates is June 14. Ensure your information is accurate to avoid complications in accessing government services and benefits.

7. Income Tax Returns

   • Start preparing for income tax returns early. Employers must issue Form 16 by June 15, which is essential for filing your returns. Gather all necessary documents to ensure a smooth filing process.