With the start of November 2025, multiple financial rule changes are set to take effect, impacting bank customers, pensioners, and digital payment users. From updated banking norms to new Aadhaar and GST rules, the coming month marks a major transition for financial systems and consumers across India.
Banking Nomination and Payment Updates
Starting November 1, banks will implement new rules allowing customers to nominate up to four individuals for a single account, locker, or safe custody item. This move aims to simplify fund access for families during emergencies and reduce legal disputes over ownership. The process of adding or modifying nominees has also been streamlined for convenience.
SBI Credit card
SBI Credit card and payment users will also see changes in fee structures. A 1 percent fee will now apply to education-related transactions made through third-party payment apps and wallet top-ups exceeding Rs 1,000.
Aadhaar Update Simplification and Pensioner Requirements
The Unique Identification Authority of India (UIDAI) is expected to simplify the Aadhaar update process, allowing users to edit details such as name, address, date of birth, and mobile number online without uploading supporting documents. However, biometric updates like fingerprints or iris scans will still require a visit to a physical Aadhaar centre. As per the new fee structure, non-biometric updates will cost Rs 75, while biometric updates will cost Rs 125.
For pensioners, November remains a crucial month as retirees must submit their annual Life Certificate between November 1 and 30 to continue receiving pensions without interruption. Additionally, the deadline to switch from the National Pension System (NPS) to the Unified Pension Scheme (UPS) has been extended until November 30, offering more flexibility for government employees.
NPS to UPS Deadline Extended
Central government employees now have time until November 30 to switch from the National Pension System (NPS) to the Unified Pension Scheme (UPS), giving them more time to complete the transition.
Simplified GST Registration System
A new Goods and Services Tax (GST) registration system will take effect from November 1, designed to simplify the registration process and make it easier for small businesses to comply.
Overall, these changes mark a major shift in India’s financial and regulatory framework. Consumers, businesses, and retirees alike are advised to stay informed and adapt to the new rules to avoid disruptions in transactions and compliance.