From November 1, 2025, several important rule changes announced by the Central Government and major banks will come into effect. These updates will directly influence your financial decisions, banking operations, and pension-related formalities. Here’s a detailed look at all the key changes you should be aware of.
1. New Bank Nomination Rules from November 1
Starting this month, amendments to the Banking Laws Act will officially change how bank account and locker nominations work.
Under the new rules, customers can:
- Nominate up to four individuals for their accounts or locker contents.
- Assign specific entitlement percentages to each nominee.
- Add successive nominees, meaning if one nominee passes away, the next in line will automatically inherit the entitlement.
These reforms have been introduced to reduce ownership disputes and ensure smoother claim settlements for families after the account holder’s demise.
2. Aadhaar Update Rules and Charges
The Unique Identification Authority of India (UIDAI) has rolled out new guidelines for Aadhaar updates starting November 2025.
- Children’s biometric updates: UIDAI has waived off all charges for mandatory biometric updates for children. The waiver will be valid for one year.
- Adults’ updates:
- ₹75 for demographic changes such as name, date of birth, address, or mobile number.
- ₹125 for biometric updates like fingerprints, iris scans, or facial recognition.
These updates can be done at any Aadhaar Seva Kendra or authorized enrolment center.
3. Pensioners Must Submit Life Certificate by End of November
All retired central and state government pensioners must submit their Life Certificate by November 30, 2025, to continue receiving their pensions without interruption.
- Pensioners can submit the certificate either physically at their nearest bank branch or digitally through the Jeevan Pramaan portal.
- Those planning to switch from the National Pension Scheme (NPS) to the Unified Pension Scheme (UPS) must also complete the process by the end of November.
4. New Charges for SBI Cardholders
The State Bank of India (SBI) Card division has introduced new transaction charges effective November 1, 2025.
- A 1% processing fee will be levied on education-related payments made through third-party apps like CRED and MobiKwik.
- Another 1% charge will apply on wallet recharge transactions above ₹1,000.
Cardholders are advised to review their payment methods to avoid additional fees.
5. PNB Locker Rent to Be Reduced Nationwide
Good news for Punjab National Bank (PNB) customers!
The bank has announced that it will reduce locker rent charges across all branches nationwide.
- The revised rent structure will be published on the PNB official website, and
- The new charges will become effective 30 days after the official notification.
This move is expected to make locker facilities more affordable for existing and new customers.
The changes coming into effect from November 1, 2025, are aimed at simplifying banking procedures, promoting transparency, and improving customer convenience. Whether it’s updating your Aadhaar, nominating multiple heirs, or ensuring your pension continuity — staying informed and proactive will help you avoid last-minute hassles.
Quick Summary of Key Changes:
| Category | Key Change | Effective From |
|---|---|---|
| Bank Nomination | Up to 4 nominees + share allocation | Nov 1, 2025 |
| Aadhaar Update | Free for kids; ₹75/₹125 for adults | Nov 1, 2025 |
| Pension | Life Certificate due by Nov 30 | Nov 30, 2025 |
| SBI Card | 1% fee on third-party education & wallet recharges | Nov 1, 2025 |
| PNB Locker | Rent reduced nationwide | 30 days post-notification |
