Starting November 1, 2025, several new rules will come into effect across India that will impact your banking, GST, Aadhaar, pension, and card payments.
These updates are meant to simplify systems, but missing key deadlines or not following them properly could also lead to extra charges.
Here’s a quick look at what’s changing and how it affects you.
Banking Rules: More Nominees, More Flexibility
Bank account holders can now add up to four nominees for each account.
You can even decide how much share each nominee will receive by assigning specific percentage shares.
A new successive nominee feature ensures that if one nominee passes away, the next nominee automatically becomes active.
This makes the process smoother for families. While adding nominees is still optional, banks are now required to inform all customers about this facility.
GST Overhaul: Simpler Structure Ahead
From November, the GST system will become easier to understand.
The current 12% and 28% slabs will be removed, and India will move to a two-slab system.
However, luxury and sin goods will now attract a higher 40% tax rate.
This move is aimed at making taxation more transparent and reducing confusion for businesses and consumers alike.
SBI Card Update: New 1% Fee on Education Payments
If you use an SBI credit card for paying education-related expenses through third-party apps like MobiKwik or CRED, be prepared to pay a 1% convenience fee.
Also, if you load more than ₹1,000 into a digital wallet using your SBI Card, the same 1% charge will apply.
Aadhaar Update: Lower Fees and Easier Process
There’s good news for Aadhaar users. Children’s biometric updates are now free for one year (earlier ₹125).
For adults, demographic updates like name, address, or mobile number will now cost ₹75, while biometric updates remain at ₹125.
The update process has also become smoother—you can now make changes online without uploading documents, making it faster and more convenient.
Pensioners: Submit Life Certificates by November 30
All central and state government pensioners must submit their life certificates by November 30 to continue receiving pension payments without delay.
If you’re switching from NPS (National Pension System) to UPS (Unified Pension Scheme), ensure the transition is completed this month to avoid disruptions.
PNB Locker Charges Revised
Punjab National Bank (PNB) has announced a reduction in locker rental charges.
The new rates will depend on the locker size and category and will be published on the bank’s website in November.
These changes will take effect 30 days after official notification.
The Bottom Line
From Aadhaar updates to GST reforms, these rule changes are part of a broader effort to make systems simpler, digital, and transparent.
But staying updated is key — missing a deadline or ignoring a new charge could cost you extra.
Make sure you check your bank notifications, update your Aadhaar, and complete any required pension paperwork before November 30, 2025 to stay hassle-free.
