financial rules change
With the beginning of November 2025, that is, many new rules have come into effect from today. Which can directly affect your daily money. From Aadhaar update fees and changes in bank enrollment to new GST slabs and card fees, we are going to tell you about 7 changes, which can impact your pocket.
These rules have changed
- Aadhaar update fee changed- Unique Identification Authority of India (UIDAI) has waived the fee of Rs 125 for biometric update in Aadhar card of children. This fee will remain free for one year. For adults, updating details like name, date of birth, address or mobile number will cost Rs 75, while updating biometrics like fingerprint or iris scan will cost Rs 125.
- New bank nomination rules- From November 1, banks will allow users to nominate a maximum of four people for one account, locker or safe deposit. The purpose of this new rule is to make it easier for families to access money in emergencies and to avoid disputes over ownership rights. The process of adding or changing nominees has also been made easier for users. Now you can update your Aadhaar address, date of birth or name online without submitting any supporting documents.
- New GST slab implemented- From November 1, the government will implement a new two-slab GST system with special rates for some goods. The earlier four slab systems, 5%, 12%, 18% and 28%, will be replaced. The slabs of 12% and 28% will be removed, while 40% rate will be applicable on luxury and hazardous goods. The purpose of this step is to simplify India’s indirect tax structure.
- Time limit of UPS increased from NPS- Central government employees wishing to shift from National Pension System (NPS) to Unified Pension Scheme (UPS) now have time till November 30 to complete the process. Extensions give employees more time to review and make changes.
- Pension recipients will have to provide life certificate- All retired central and state government employees will have to submit their annual life certificate by the end of November. This can be done in their bank branch or online through Jeevan Pramaan portal. Missing the deadline may cause delay or interruption in pension payment.
- Change in locker fees in PNB- Punjab National Bank (PNB) will soon change its locker rent fees across India. The new rates will depend on the size and category of the locker. According to reports, the updated fees are expected to be announced in November and will become effective 30 days after the notification.
- New fees for SBI card users- From November 1, SBI card users will have to pay 1% fee on education-related payments made through third-party apps like MobiKwik and Cred. Apart from this, 1% fee will also be charged for depositing more than Rs 1,000 in digital wallet through SBI card.