There are various bank-related, digital payment, pension and LPG-related changes that will come into place from October 2026. Here are the most important five changes that customers and investors should know about.
5 Money Changes From October 2026
SBI ATM Withdrawal Policy
SBI has revised the free ATM withdrawal policy for salary package account holders who use their debit cards issued by other banks. In the latest policy, the number of free transactions has been reduced to five per month from 10.
UPI Charges For Certain Transactions From October 15
Customers should note that a new Merchants Discount Rate (MDR) will be levied on UPI transactions from October 15 for certain QR code payments above Rs 2,000. However, this does not mean that customers will have to pay extra for all UPI payments they make.
NPS Charges Also Get Revised From October
NPS subscribers can also expect changes in service charges from October this year. People who have enrolled in the National Pension System should go through the revised list of charges to know what to expect while making transactions.
LPG Subsidy Beneficiaries May Have To Undergo Aadhaar Authentication
LPG subsidy cardholders may have to undergo Aadhaar authentication to avail of the subsidy. The move is to ensure that the subsidy reaches the rightful owners.
New Rules For Bulk Fixed Deposits From October
From October, banks will have to disclose the interest rates on bulk deposits. This means that banks will have to divulge the rates pertaining to deposits that are made by institutional investors and retail investors. Investors with large deposits in the banks should review the new rules to know what all they will be liable to pay.
