Money Update – June 2026

June 2026 highlights: RBI transfers record ₹2.86 lakh crore surplus to government, forex income surges 52% to ₹1.69 lakh crore, India's $360 billion infrastructure push cuts logistics costs, unified portal launched for unclaimed financial assets, and India approves its first hydrogen-powered passenger train.

TOP 10 UPDATES

1. RBI Transfers Record ₹2.86 Lakh Crore Surplus to Government. The Reserve Bank of India announced its highest-ever surplus transfer of ₹2.86 lakh crore to the Central Government for FY 2025-26. The record payout was supported by strong income from forex operations and investments, while the RBI maintained a healthy 6.5% Contingent Risk Buffer.
2. GSTN Introduces Voluntary E-Way Bill Closure Feature to Strengthen Delivery Tracking. GSTN has launched a Voluntary E-Way Bill Closure facility, allowing suppliers, recipients, transporters, and drivers to digitally confirm delivery of goods. The 'Ship-To GSTIN' field has now become mandatory to ensure accurate tracking of the delivery destination.
3. RBI's Forex Operations Drive Record Income Growth in FY26. The RBI reported a 52% surge in foreign exchange transaction gains, with earnings reaching ₹1.69 lakh crore in FY26, driven by dollar sales to support the rupee and returns from foreign securities.
4. India's Infrastructure Push Aims to Cut Logistics Costs and Boost Efficiency. India's $360 billion infrastructure investment is helping reduce logistics costs, targeting a decline to around 10.7% of GDP by FY26. Expansion of Multi-Modal Logistics Parks will shift cargo from roads to more cost-efficient rail transport.
5. Finance Ministry Launches Unified Portal to Track Unclaimed Financial Assets. Citizens can now search for unclaimed bank deposits, insurance claims, shares, dividends, and mutual funds through a single online platform, launched under the 'Your Money, Your Right' campaign.
6. India Approves First Hydrogen-Powered Passenger Train. India has cleared operations of its first hydrogen-powered passenger train under Northern Railway. The hydrogen-powered DEMU train will run on the Jind–Sonipat route in Haryana, using clean hydrogen fuel cells instead of diesel-based traction.
7. RBI Cuts Currency Printing Cost by 23.5% in FY26. The RBI's currency printing expenses declined by 23.5% in FY26, even as the total value of currency in circulation continued to increase, with demand remaining strong for the ₹500 note.
8. NHAI Plans Monetisation of 17 Highway Assets in FY27. NHAI aims to monetize 17 highway stretches covering 1,692 km across 16 states, with an estimated value of ₹60,000 crore, through Toll-Operate-Transfer (TOT) and Infrastructure Investment Trust (InvIT) models.
9. Government Expands Social Security Coverage for Gig Workers. India is rolling out social security benefits for gig and platform workers, including accident insurance, health coverage, and old-age protection. Platform companies must integrate worker data with the e-Shram portal by June 22.
10. SC Upholds 28% GST on Online Gaming; Retrospective Tax Valid. The Supreme Court ruled that online gaming platforms are taxable entities, not intermediaries, validating retrospective 28% GST demands on past online gaming transactions.

CHANGE IN INDICES (Absolute Returns)

Indices	Values	1M	6M	1Y	3Y	5Y	10Y
SENSEX	74775	-1.62%	-12.75%	-8.19%	+19.52%	+44.04%	+180.20%
NASDAQ	26972	+8.36%	+15.43%	+41.11%	+108.51%	+96.18%	+445.32%
GOLD	156463	+4.12%	+23.59%	+64.08%	+156.79%	+228.01%	+446.63%
SILVER	263350	+9.57%	+60.22%	+170.21%	+242.90%	+265.78%	+576.99%
INR-USD	95.78	-0.91%	-7.18%	-11.94%	-15.85%	-32.12%	-42.46%

HIGHEST FD RATES

Company	Tenor (Months)	Rates
ICICI Home Finance	60	7.00%
Bajaj Finance	60	7.40%
LIC Housing Finance	60	6.90%
ICICI Bank	60	6.50%
HDFC Bank	60	6.15%

Product of the Month: LIC Jeevan Saathi

Forthcoming New Fund Offers (NFOs)

Wealth Company Large & Mid Cap Fund – Equity-Large & Mid-Cap, Open Ended, Opens: 21-May-26, Closes: 4-Jun-26, Very High Risk
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund – Equity-Index Funds, Open Ended, Opens: 29-May-26, Closes: 12-Jun-26, Very High Risk
Kotak Nifty Alpha Low-Volatility 30 Index Fund – Equity-Index Funds, Open Ended, Opens: 29-May-26, Closes: 12-Jun-26, Very High Risk
Motilal Oswal BSE Clean Environment Index Fund-Reg(G) – Equity-Index Funds, Open Ended, Opens: 5-Jun-26, Closes: 19-Jun-26, Very High Risk
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund-Reg(G) – Equity-Index Funds, Open Ended, Opens: 3-Jul-26, Closes: 17-Jul-26, Very High Risk

Article: EPF Transfer Problems During Job Switch: Key Reasons and Solutions

Message from the Founder

Author: CA Madhusudan Chandak

Disclaimer: Private and confidential

The Interesting Part of Being Boring

We live in a world obsessed with adrenaline, hashtags, and instant dopamine hits. People think simple is 'LS' (low standard). But in reality, chasing constant excitement is exactly what makes our lives complicated, stressful, and chaotic. Boring isn't dull — boring is beautiful, peaceful, and sorted.

How sorted life becomes if we embrace boring: boring regular SIPs create more sustainable wealth than timing the markets; boring home-cooked food is healthier than daily food deliveries; boring daily yoga/walks last longer than thrilling deadlifts; boring off-beat holidays in nature create soul-soothing memories more than luxurious flashy holidays; a boring 3-hour light-hearted movie is more fulfilling than scrolling or binge watching.

This isn't about living like a monk — curiosity, exploring new trends, and taking calculated risks have their own rewards. But true wealth, both financial and personal, is built on consistency, not chaos. To reap the highest benefits with the absolute minimum amount of risk, one has to learn to love the mundane, doing simple things repeatedly.

In a world full of volatile highs and lows, boring is the ultimate superpower!!

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