Starting November 2025, several important financial and regulatory changes have come into effect in India.
These updates impact banking, taxation, digital payments, Aadhaar services, and pension systems, aiming to make financial processes more transparent, secure, and user-friendly.
Banking Nomination Rules Updated
From November 1, bank customers can now make multiple nominations for accounts, lockers, and safekeeping services.
Account holders can appoint up to four nominees and decide how much share each nominee will receive.
This change makes inheritance and claim settlements simpler and more convenient for families.
Aadhaar Update Rules
The UIDAI has announced no fees for biometric Aadhaar updates for children for one year.
For adults, the fee for updating details such as name, address, date of birth, or mobile number will be ₹75, while biometric updates will cost ₹125.
Many updates can now be completed online, making the process faster and easier.
New GST Slab Structure
Starting from the new financial year, the GST system will be simplified. The 12% and 28% slabs will be replaced by two main slabs, including a higher 40% rate for luxury and sin goods.
The new structure aims to make taxation more transparent and improve the ease of doing business.
Important Pension Rule Changes
Central and state government pensioners must now submit their life certificates on time.
Updates have also been made to the National Pension Scheme (NPS) and Unified Pension Scheme (UPS), with the deadline to switch between the two extended to November 2025.
SBI Card Fees and Digital Payment Rules
SBI cardholders will now pay an additional 1% fee on education-related payments and digital wallet recharges.
The government will encourage using approved digital channels like UPI for toll payments, though toll charges will see a small increase.
PNB Locker Rent Reduction
Punjab National Bank (PNB) has announced a nationwide reduction in locker rent, to be implemented within 30 days of official notification. This move will offer cost relief to customers.
FASTag Rule Changes
FASTags that fail to complete Know Your Vehicle (KYV) verification may soon be deactivated.
Banks have been directed to send reminders to vehicle owners to complete the process and avoid disruptions.
Final Takeaway
These new financial rules aim to make systems more efficient, secure, and transparent.
Consumers should stay informed about these changes to plan better, avoid delays, and ensure smooth management of their finances.
