From Aadhaar to SBI Credit Cards — 5 major rule changes taking effect from Nov 1; Here’s what you need to know
Babushahi Bureau
New Delhi, October 31, 2025: As November begins, several important financial and regulatory changes will come into effect from November 1, 2025, directly impacting your wallet. These include new charges on SBI Credit Cards, revised Aadhaar update fees, a new GST structure, simplified bank nomination rules, and extended deadlines for central government employees under pension schemes.
Here’s a detailed look at the five key changes you need to know:
1. SBI Credit Card: New Charges on Wallet Loads and Education Payments
From November 1, SBI Credit Card users will face a 1% additional charge on specific transactions:
- Wallet Loads: Loading more than ₹1,000 into digital wallets like Paytm or PhonePe using an SBI Credit Card will attract a 1% fee.
- Education Fees: Payments made through third-party apps such as CRED or MobiKwik for school or college fees will also incur a 1% surcharge.
2. Aadhaar Update Rules Revised
The Unique Identification Authority of India (UIDAI) has updated fees for Aadhaar-related services:
- Free for Children: Biometric updates for children will remain free for the next one year.
- For Adults:
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- ₹75 for demographic updates (name, address, date of birth, or mobile number).
- ₹125 for biometric updates (fingerprint or iris scan).
- No-Document Update Option: Some basic details like name or address can now be updated without uploading documents.
3. GST Simplified: New 40% Slab Introduced
A major reform in India’s GST structure comes into force:
- The existing four slabs (5%, 12%, 18%, 28%) will now be simplified into two slabs.
- The 12% and 28% slabs have been scrapped.
- A new 40% GST slab will apply to luxury and sin goods, replacing the old 28% bracket.
4. Bank Nomination Rules Made Easier
From November 1, bank account holders can:
- Add up to four nominees for a bank account, locker, or safe custody.
- Modify or update nominee details easily through online platforms, simplifying the earlier paperwork-heavy process.
5. Extended Deadline for Central Government Employees (NPS to UPS Shift)
Central government employees who wish to switch from the National Pension System (NPS) to the Unified Pension Scheme (UPS) now have time till November 30, 2025.
This extension allows employees to review their pension options and plan transitions carefully.