Overview
- Sections 10–13 of the Banking Laws (Amendment) Act, 2025 take effect, letting customers name up to four nominees for deposits, lockers and safe-custody items, with options to specify shares or set a succession order.
- SBI Card begins a 1% charge on education payments routed via third‑party apps such as CRED, Cheq and MobiKwik, while direct payments to institutions remain exempt; select wallet top‑ups above ₹1,000 also attract 1%.
- The Finance Ministry extends the window to opt into the Unified Pension Scheme to November 30, giving eligible government employees and beneficiaries more time to switch from NPS.
- Central and state government pensioners must submit their annual life certificate during November to avoid interruption, with those aged 80 and above permitted to file from October 1.
- UIDAI waives charges for children’s mandatory Aadhaar biometric updates for one year and sets adult update fees at ₹75 for demographic changes and ₹125 for biometric updates.