As November 2025 commences, several new financial and administrative regulations are set to come into effect, directly impacting daily banking, taxation, and government documentation. Changes range from revised Aadhaar update fees and bank nomination rules to a new Goods and Services Tax (GST) structure and altered credit card charges. Here is a breakdown of the key shifts affecting your pocket.
Aadhaar and Banking Updates Take Effect
The Unique Identification Authority of India (UIDAI) has waived the Rs 125 fee for biometric updates on Aadhaar cards for children, making the service free for one year. For adults, the charges are now Rs 75 for updating demographic details (name, address, date of birth, mobile number) and Rs 125 for biometric updates (fingerprints or iris scans). Furthermore, the facility to update select Aadhaar details online without submitting any supporting documents has been introduced.
Separately, new banking rules effective November 1 will allow customers to nominate up to four individuals for a single account, locker, or safe custody item. This measure is intended to simplify the process for families to access funds during emergencies and mitigate ownership disputes.
GST Structure Simplified and Pension Deadlines Set
The government is set to introduce a new two-slab GST system from November 1. This significant change aims to simplify India’s indirect tax structure by replacing the earlier four-slab system (5%, 12%, 18%, and 28%). Under the revised plan, the 12% and 28% slabs will be removed, while a new 40% rate will be levied exclusively on luxury and sin goods.
Additionally, central government employees opting to transition from the National Pension System (NPS) to the Unified Pension Scheme (UPS) have been granted an extension, with the new deadline to complete the process set for November 30.
Revised Charges for SBI Cardholders and PNB Customers
Users of SBI Cards face new transaction fees, effective November 1. Education-related payments processed through third-party applications such as MobiKwik and CRED will now incur a 1% fee. A similar 1% fee will also apply when loading more than Rs 1,000 into a digital wallet using an SBI Card.
Furthermore, Punjab National Bank (PNB) is reportedly set to announce revised locker rent charges across India in November. The new rates will be dependent on locker size and category and are expected to take effect 30 days after the official notification.
Finally, all retired central and state government employees must submit their annual Life Certificate by the end of November, either at their bank branch or through the Jeevan Pramaan portal. Missing this deadline may result in the delay or stoppage of pension payments.
