October 1, 2025: 15 Major Rule Changes That Will Impact Your Savings, Expenses, and Daily Life

By Siddhi Jain | Oct 1, 2025, 11:13 IST

New Delhi, Oct 1, 2025 – A new month often brings new beginnings, and October 2025 is no exception. From changes in fuel prices and banking rules to new UPI features and pension reforms, 15 major rule updates have come into effect from today, October 1, 2025. These changes are expected to directly affect your pocket, savings, and day-to-day financial activities.

Here’s a complete breakdown of the new rules you need to know:

1. LPG Cylinder Price Revision

Oil Marketing Companies have revised LPG rates effective today. While domestic LPG prices remain unchanged, the cost of a 19 kg commercial cylinder has increased by ₹15, raising expenses for restaurants and small businesses.

2. New Rule for Train Ticket Booking

For online railway reservations, the first 15 minutes after booking opens will now be restricted to users with Aadhaar verification. Previously, this was applicable only for Tatkal tickets, but now it extends to general reservations as well.

3. UPI Collect Request Disabled

From today, you can no longer send a “collect request” on UPI apps. The National Payments Corporation of India (NPCI) has discontinued this feature to curb fraud and unauthorized payment demands.

4. Higher UPI Transfer Limit

The UPI transaction limit has been raised from ₹1 lakh to ₹5 lakh per transaction. This will benefit businesses, high-value buyers, and those making bulk payments.

5. UPI Auto-Pay Service

Recurring payments such as mobile recharges, utility bills, and OTT subscriptions can now be automated through UPI. Users will receive a notification each time money is deducted.

6. Higher Minimum Contribution in NPS

The National Pension System (NPS) now requires a minimum monthly contribution of ₹1,000, up from the earlier ₹500.

7. New Tier System in NPS

Two new NPS structures have been introduced:

Tier 1: Retirement-focused with tax benefits.
Tier 2: Flexible investment but no tax exemptions.

8. New Charges on Pension Accounts

Opening a new PRAN (Permanent Retirement Account Number) will now cost ₹18 for an e-PRAN kit. NPS Lite customers will also see a simplified fee structure.

9. 100% Equity Option in NPS

Non-government subscribers can now allocate 100% of their funds into equities. This could mean higher returns but also carries higher risk.

10. Multiple Scheme Framework in NPS

Subscribers can now manage multiple schemes from different Central Recordkeeping Agencies (CRAs) under a single PRAN, offering greater flexibility and choice.

11. Stricter Rules for Online Gaming

All online gaming companies must now obtain a government license. Additionally, participation in real-money games is restricted to users aged 18 years and above.

12. RBI Monetary Policy Meeting Today

The Reserve Bank of India’s Monetary Policy Committee (MPC) meets today. If the repo rate is reduced, home loan and car loan EMIs could become cheaper.

13. New Interest Rates on Small Savings Schemes

Revised rates for popular small savings schemes like PPF, SCSS, and Sukanya Samriddhi Yojana (SSY) have been announced. As with every quarter, interest rates have been adjusted to align with market trends.

14. 21 Bank Holidays in October

Due to the festive season, banks will remain closed for 21 days in October across different states. Major holidays include Gandhi Jayanti, Dussehra, and Diwali. Customers are advised to plan banking activities in advance.

15. Changes in India Post Speed Post Services

The postal department has introduced new features for Speed Post services, including:

OTP-based delivery verification
Online booking facility
Real-time tracking
SMS notifications

Additionally, students will get a 10% discount, and new bulk customers will enjoy a 5% rebate.

Final Word

From LPG cylinder price hikes to digital payment upgrades and pension reforms, these 15 rule changes effective October 1, 2025 are set to influence your household budget, savings strategy, and financial planning. Keeping track of these updates will help you avoid disruptions and make smarter money decisions this festive season.