From November 1, 2025, certain new rules will be amended across India. These changes will directly affect banking transactions, GST charges, Aadhaar services, and other financial fields. The reforms will look to consolidate systems, improve digital ease, and enhance citizens’ transparency.
RBI New Nomination Rules for Account Holders in Banks
The Reserve Bank of India (RBI) has released the Banking Companies (Nomination) Rules, 2025, which make it easier for customers to nominate a person on their bank accounts, lockers, and products in safe custody.
Key changes in Banking System are:
Multiple nominees: Customers can now nominate a maximum of four nominees for bank accounts, lockers, or products in safe custody.
Simultaneous nomination: Account holders can nominate specific shares or percentages of interest to each nominee.
Successive nomination: For lockers and safe custody, individuals can list up to four nominees in a clear order of succession.
Mandatory option: Banks must offer the nomination facility when opening an account or issuing a locker. If a customer chooses not to nominate anyone, they must submit a written declaration.
Swift processing: Banks are required to process, amend, or reject any nomination application within three working days of receipt of the application. If an application is rejected, the customer should be notified in writing within the same time.
Clearly visible records: Nominee’s name and status should be clearly visible on passbooks, term deposit receipts, and account statements.
New GST Rule: Two Slabs and New Structure
The Goods and Services Tax (GST) structure that started revamping in September 2025 will continue to have an impact on both buyers and sellers.
Two-GST Slab: Previous four GST slabs—5%, 12%, 18%, and 28%—have been trimmed to only two: 5% and 18%.
40% slab: A new GST rate of 40% has been introduced for luxury and sin products like tobacco items and high-end vehicles.
Quicker registration: The e-GST registration process will offer auto-approval within three days for eligible applicants.
Lower e-invoicing limit: Companies with a turnover over ₹5 crore are now required to issue e-invoices, lowering the previous limit of ₹10 crore.
These reforms are meant to lower compliance costs and provide faster approvals for companies.
The government has made GST registration and refund processes easier for Micro, Small, and Medium Enterprises (MSMEs) to promote smoother business practices.
New Aadhaar Card Rules: Update Process Simplified
The Unique Identification Authority of India (UIDAI) has simplified Aadhaar updates and made them quicker.
Major changes include:
Online updates: One can now make changes to personal details—name, address, date of birth, mobile number—online without presenting physical documents. This information will be cross-checked with other government databases such as PAN and passport records.
Biometric updates: Biometric updates (such as fingerprints or iris scans) alone will need visits to an Aadhaar center.
Updated charges: Service charges are now ₹75 for updates of personal details and ₹125 for biometric updates.
Other Financial Announcements
SBI Card Charges:
SBI Card has rolled out new charges:
1% charge will be levied on education-related transactions done using third-party apps.
The same 1% charge will be levied on wallet reloads of more than ₹1,000.
Life Certificate of Pensioner:
Every government pensioner has to provide their life certificate once a year between November 1 and November 30, 2025, so that pensions are paid without any gap.
Transition from NPS to UPS:
The central government staff will have till November 30, 2025, to transition from the National Pension System (NPS) to the Unified Pension Scheme (UPS).
Delhi Transport New rules with Effect From November 1
Delhi will enforce tighter transport emission regulations starting November 1, 2025, to manage air pollution.
Only BS-VI compliant or CNG, LNG, or electric commercial vehicles will be permitted entry into the city.
Older diesel and petrol goods carriers will be banned from entering the city.
This move supports Delhi’s clean air initiative and aims to reduce vehicular pollution significantly.
LPG Cylinder Price Revision
The cost of commercial LPG cylinders has been increased by ₹15.50. In Delhi, a 19-kg commercial cylinder will now cost ₹1,595.50.
Domestic LPG prices remain unchanged, so households will not be affected.
Disclaimer: All the above changes are based on official government statements and verified notifications & the information provided is intended for public awareness and general understanding. Readers are advised to refer to the official government websites or notifications for the latest updates and detailed provisions.
