This is important news for the common man. Starting in October, some important rules related to banking, digital payments, LPG, and pensions will change. Many of these changes will take effect on October 1, 2026, while changes to UPI will take effect on October 15, 2026. Therefore, you should be aware of these changes.

Changes in SBI ATM transaction limits:
The number of free transactions available to SBI salary package customers at other bank ATMs will be reduced. The current limit of 10 free transactions will be reduced to 5. This will include transactions such as cash withdrawals and balance checks. However, salary package customers will continue to enjoy unlimited free transactions at SBI ATMs.

Online information on bulk FD interest rates:
From October 1st, banks will be required to publish information on bulk fixed deposit interest rates online every working day. Generally, similar bulk deposits booked on the same day will attract the same interest rate. This change will not directly impact typical retail FD interest rates.

MDR on UPI payments above ₹2,000
Starting October 15th, MDR is expected to be applied to UPI merchant payments above ₹2,000. Transactions up to ₹2,000 will be free. Transactions under the zero-MDR system will also be free for small merchants.

Aadhaar biometric verification will be required for LPG subsidy
starting October 1st. This process can be completed at the gas agency, the relevant mobile app, or at the time of delivery. Failure to verify will result in a subsidized 14.2 kg cylinder being denied.

New NPS Account Opening Fees:
Starting October 1st, new joining charges will apply to NPS and NPS Lite customers opening accounts using PoP. A fee of ₹200 will be charged per PRAN. Therefore, these changes, effective October, will be applicable for bank customers, LPG customers, UPI users, and NPS account holders.

PC: ABP NEWS