New Rules From November 1: Aadhaar Updates, Credit Card Fees, Bank Nominee Changes and More
As November 2025 begins, several new financial and regulatory rules will come into effect across India. These updates will impact how citizens handle their money, digital payments, and official records. From Aadhaar changes to new bank nominee norms, here’s everything you need to know about the new rules from November 1.
1. SBI Credit Card Charges to Increase
SBI credit card users will face higher transaction costs starting November 1. A 3.75% fee will now apply on unsecured credit card transactions. Payments made through apps like CRED, CheQ, or Mobikwik for school or college fees will attract an extra 1% charge. However, payments made directly through school websites or POS systems remain exempt. Wallet recharges above ₹1,000 will also incur a 1% fee. Users are advised to check their preferred payment method to avoid unnecessary costs.
2. Simplified Aadhaar Update Process
The UIDAI has made it easier to update Aadhaar details. From November 1, citizens can change their name, address, date of birth, and mobile number online without submitting multiple documents. Only biometric updates will need an in-person visit. The system will now cross-verify details automatically with government databases like PAN and passport, reducing paperwork and delays.
3. Mutual Fund Transparency Rules by SEBI
To improve investor confidence, SEBI has introduced a new rule for mutual fund companies. If any employee, officer, or their relatives make mutual fund transactions over ₹15 lakh, the Asset Management Company (AMC) must report it to the compliance officer. This aims to ensure better transparency and prevent misuse of insider information.
4. Changes in LPG, CNG, and PNG Prices
As part of the monthly review, the prices of LPG, CNG, and PNG will be revised on November 1. These changes depend on international crude oil prices and domestic subsidy adjustments. Consumers may see an increase or decrease similar to previous months. It’s advisable to check official oil company websites for updated rates.
5. Revised Bank Account Nominee Rules
A new amendment under the Banking Law (Revision) Act 2025 allows account holders to nominate up to four people for a single bank account, locker, or safe custody. Customers can define how much share each nominee will receive. If the main nominee is unavailable, the share automatically passes to the next nominee, simplifying inheritance and reducing legal disputes.
Key Takeaway
These new rules from November 1 show India’s shift toward more transparency, easier digital processes, and better governance. However, citizens should stay alert and verify official details before making financial decisions to avoid penalties or confusion.
Disclaimer: The information above is based on official announcements as of October 2025. Readers are advised to verify details through respective government or institutional websites.
