Introduction
As we step into November, several crucial financial changes are coming into effect across India — from Aadhaar rules and banking updates to new GST slabs and credit card fees. These changes, starting November 1, will directly impact your daily financial activities, savings, and even government benefits.
To help you stay prepared, here’s a detailed breakdown of the seven major financial changes effective from November 1, 2025.
7 Important Financial Changes Coming from November 1
1. Aadhaar Update Rules Will Change
The UIDAI (Unique Identification Authority of India) has announced a new Aadhaar update policy starting November 1.
If your child’s Aadhaar requires a biometric update, it will now be free for one year. For adults, updates related to name, address, or date of birth will cost ₹75, while biometric updates (fingerprint or iris) will cost ₹125.
What’s new is that you can now update certain details online without submitting any supporting documents — a step toward faster and more convenient Aadhaar management.
This change aims to simplify the update process and ensure that everyone’s Aadhaar details remain accurate and up to date.
2. Bank Nomination Rules Will Change
Starting November 1, banks across India will allow account holders to add up to four nominees for a single account or locker.
Previously, only one nominee could be added. The new rule ensures that your family members won’t face issues accessing your funds in emergencies.
Moreover, changing or updating nominees has been made simpler — this move helps avoid confusion and legal disputes in the future. It’s a small change with a big impact on financial security and peace of mind.
3. New GST Slabs Will Apply
The government is rolling out a new two-slab GST system from November 1 to simplify India’s tax structure.
Earlier, GST had four slabs — 5%, 12%, 18%, and 28%. Now, it will be reduced to just two main slabs: 5% and 18%, with a special 40% rate for luxury and sin goods.
This change aims to make tax compliance easier for businesses and reduce classification disputes. For consumers, it could also mean more transparent pricing, though the exact impact will depend on the type of goods and services you use.
4. NPS to UPS Deadline Extended
Good news for government employees — the deadline to shift from NPS (National Pension System) to the Unified Pension Scheme (UPS) has been extended to November 30.
Earlier, the cutoff date was October 31. This gives central government employees an extra month to decide whether they want to move to the new pension system, which offers more stable post-retirement benefits.
5. Life Certificate Submission for Pensioners
All government pensioners must submit their Life Certificate by November 30 to continue receiving their monthly pension.
You can submit it either online through Jeevan Pramaan or in person at your bank branch.
Failure to do so could lead to delays or suspension of pension payments, so senior citizens should complete this process well before the deadline.
6. PNB Locker Charges Will Change
Punjab National Bank (PNB) has announced a revision in its locker rent charges across India.
The new rates will vary depending on locker size and category, and will take effect 30 days after the official notification in November.
If you use a locker at PNB, keep an eye on their official communication or website to understand how this affects your annual fees.
7. New Fees for SBI Cardholders
From November 1, SBI Card users will face a 1% transaction fee on education-related payments made through apps like CREO or MobiKwik and on loading more than ₹1,000 into digital wallets.
These changes may seem small but could affect your monthly credit card spending habits. Plan your payments wisely to avoid unnecessary charges.
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In today’s fast-changing economy, staying informed means staying one step ahead. Whether it’s banking reforms, taxation updates, or digital finance news, Loktantra Official ensures you never miss what truly matters to your money.
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Final Thoughts
These seven financial changes coming from November 1 may seem routine, but each carries an important impact on how you manage your money, taxes, and benefits.
From Aadhaar updates to bank nominations, locker fees, and new GST rates — being aware today can save you time, money, and stress tomorrow.
Stay updated, stay informed, and remember — financial awareness is the first step toward financial independence.
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