Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Starting November 1, 2025, several key financial and administrative changes will take effect across India, impacting banking, GST, Aadhaar, pensions, and more. These updates aim to simplify processes but may also introduce new charges if not followed in time. Here’s a simplified breakdown of what’s changing and how it affects you.

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Banking – Multiple Nominees Allowed: Account holders can now add up to four nominees per account. You can assign specific percentage shares to each nominee. 

A successive nominee feature ensures that if one nominee passes away, the next in line becomes active automatically. While not mandatory, banks must inform customers about this option. If a nominee dies, their share is automatically canceled.

A successive nominee feature ensures that if one nominee passes away, the next in line becomes active automatically. While not mandatory, banks must inform customers about this option. If a nominee dies, their share is automatically canceled.

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

GST – New Slab Structure: The GST system is being simplified. The 12% and 28% slabs are being removed. A two-slab system will replace the current four-tier structure. Luxury and sin goods will now attract a 40% tax rate. 

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

SBI Card – New Charges on Education Payments: A 1% fee will apply to education-related payments made via third-party apps like MobiKwik or CRED using SBI Cards. Loading over ₹1,000 into digital wallets with an SBI Card will also incur a 1% charge. 

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Aadhaar – Update Fee Changes: Children’s biometric updates are now free for one year (previously ₹125). For adults, demographic updates (name, address, mobile) will cost ₹75 while biometric updates remain at ₹125. 

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Updates can now be done online without uploading documents, making the process faster and easier. 

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Pension – Life Certificate Deadline: Central and state pensioners must submit their life certificates by November 30 to avoid payment disruptions. 

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

Those switching from NPS to UPS must complete the transition within this month.

Banking, GST, Aadhaar And Pension Rules Change from November 1: Here’s What To Know

PNB Locker Charges Reduced: Punjab National Bank will revise its locker rental charges based on size and category. New rates will be published on the bank’s website in November and implemented 30 days after notification.

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