Major Rule Changes from November 1: Bank Nominee Expansion, Paperless Aadhaar Update, and New SBI Card Fees to Take Effect

Starting November 1, 2025, several key regulatory and financial changes will come into effect across India, impacting bank customers, Aadhaar cardholders, SBI Card users, and pensioners. From adding up to four nominees in bank accounts to updating Aadhaar without documents, and new transaction fees on SBI Cards, these reforms aim to simplify user experience while enhancing compliance and digital efficiency.

Here’s a complete breakdown of the new rules taking effect from November 1, 2025, and how they will affect you.

🏦 Multiple Nominees Allowed in Bank Accounts

One of the most significant banking changes this November is the introduction of multi-nomination in bank accounts.

Until now, customers could nominate only one person for their savings or current accounts. But starting November 1, 2025, account holders will be able to add up to four nominees.

According to the Banking Law (Amendment) Act 2025, sections 10 to 13 will be enforced from this date. This amendment allows customers not only to include multiple nominees but also to assign different share percentages to each nominee and set priority preferences.

This is expected to make inheritance smoother for families where individuals want to divide their savings among spouses, children, or parents. The move is being hailed as a practical and inclusive reform, ensuring better transparency in asset transfer after an account holder’s demise.

🪪 Aadhaar Card Updates Go Paperless

The Unique Identification Authority of India (UIDAI) has announced a major upgrade to the Aadhaar update process. From November 1, 2025, Aadhaar holders will no longer need to upload any supporting documents—such as proof of address, birth, or identity—when updating their details.

Changes such as name, address, date of birth, or mobile number can now be completed entirely online, in a paperless, automated process.

Instead of manual verification, UIDAI will automatically cross-verify user details through linked government databases such as ration cards, PAN, MGNREGA records, passports, and school certificates.

This will save users time and reduce errors in data validation. The decision also aligns with the government’s broader goal of digital governance and easy access to citizen services.

💳 SBI Card Rule Changes: New Fees from November 1

SBI Card, one of India’s largest credit card issuers, has announced a revised fee structure applicable from November 1, 2025.

Under the new rules, a 1% transaction charge will apply to:

• Education payments made via third-party apps such as Paytm, PhonePe, Razorpay, and others.

• Digital wallet loads exceeding ₹1,000.

For example:
If a student pays ₹10,000 in school fees through one of these platforms, they’ll pay an extra ₹100 as a service charge. Similarly, loading ₹2,000 into a digital wallet will attract an additional ₹20 fee.

However, payments made directly on an institution’s official website or POS machine at the campus will not incur any extra charges.

The revised fee structure also updates cash payment, cheque payment, and late fee charges, aiming for a more transparent cost framework for cardholders.

This change encourages customers to use official payment channels and reduces dependency on intermediary apps.

👴 Pensioners Must Submit Life Certificate by November 30

All central and state government pensioners must submit their annual Life Certificate between November 1 and November 30, 2025, to continue receiving uninterrupted pension payments.

This certificate confirms that the pensioner is alive and eligible to receive pension benefits.

For senior citizens aged 80 years and above, the submission window began earlier, on October 1, 2025, to give them additional time for verification.

The Life Certificate can be submitted digitally via Jeevan Pramaan, through banks, or in person at government offices. Failing to submit it within the deadline could temporarily suspend pension disbursements until verification is completed.

🔍 What These Changes Mean for You

1. Banking Flexibility: You can now secure your savings by naming multiple family members as nominees and decide their share distribution.

2. Faster Aadhaar Updates: No more document uploads or physical visits—Aadhaar modifications become quicker and more reliable.

3. Credit Card Awareness: Keep an eye on new SBI Card charges to avoid paying unnecessary fees during digital transactions.

4. Pension Continuity: Timely submission of the Life Certificate ensures that pension payments remain uninterrupted.

💡 Bottom Line

From November 1, 2025, everyday financial and administrative processes in India will undergo meaningful digital transformation.
These updates—from multi-nomination in bank accounts to paperless Aadhaar updates and revised SBI Card fees—aim to make systems more efficient, transparent, and citizen-friendly.

For millions of Indians, staying informed and acting promptly on these new rules will help ensure smoother banking, faster Aadhaar services, and hassle-free pension benefits.