7 Major Financial Rules From November 1: Aadhaar Update Charges, GST, Pension Deadlines, New Bank Rules & More

As November 2025 kicks off, several new rules and charges are set to come into effect, potentially affecting the daily finances of consumers across India. From Aadhaar update fees and bank nomination changes to revised GST slabs and new charges for cardholders, here is a comprehensive look at what is changing and how it could impact your pocket.

New Financial Rules and Charges to Impact Consumers From November 1, 2025

Aadhaar Update Charges Revised; Check New Rates To Update Your Aadhaar Card

The Unique Identification Authority of India (UIDAI) has revised the charges for updating Aadhaar details. For children, biometric updates will now remain free for one year, eliminating the earlier Rs 125 fee. Adults will have to pay Rs 75 for updating personal details such as name, date of birth, address, or mobile number. Biometric updates, including fingerprints or iris scans, will cost Rs 125.

Additionally, UIDAI has simplified the online update process. Users can now update their address, date of birth, or name online without submitting any supporting documents, making the process faster and more convenient.

New Bank Nomination Rules From 1st November 2025

Starting November 1, banks will allow customers to nominate up to four individuals per account, locker or safe custody item. This change is designed to make fund access easier for families during emergencies and reduce ownership disputes. Banks have also streamlined the procedure for adding or changing nominees, simplifying the process for customers.

New GST Rates Updates: GST Slabs Simplified From Tomorrow

The government will implement a new two-slab Goods and Services Tax (GST) system from November 1, replacing the existing four-slab structure of 5%, 12%, 18%, and 28%. The 12% and 28% slabs will be removed, and a new 40% rate will apply to luxury and sin goods. This reform aims to simplify India's indirect tax system and provide clarity for businesses and consumers alike.

NPS, UPS Pension Scheme Choice Last Date: Extended Deadline for NPS to UPS Switch Till November 30

Central government employees who wish to move from the National Pension System (NPS) to the Unified Pension Scheme (UPS) now have an extended deadline of November 30 to complete the process. The extension allows employees more time to evaluate their options and make an informed decision.

Mandatory Life Certificate Submission for Pensioners

All retired central and state government employees must submit their annual Life Certificate by the end of November to continue receiving pension payments without interruption. Life Certificates can be submitted at bank branches or online via the Jeevan Pramaan portal. Failure to meet the deadline may lead to a delay or stoppage of pension disbursements.

New Fees for SBI Cardholders

From November 1, SBI Card users will face a 1% fee on education-related payments made through third-party apps such as MobiKwik and CRED. Additionally, topping up a digital wallet with more than Rs 1,000 using an SBI Card will also attract a 1% fee, affecting frequent digital payment users.

Locker Charges to Change at PNB

Punjab National Bank (PNB) will revise locker rent charges across the country. The new fees will vary based on locker size and category. While PNB is expected to announce the revised rates in November, they will take effect 30 days after notification. Customers are advised to check with their local branches for updated charges.