Rule Changes From November: Changes in rules related to Aadhaar, bank nominations, mutual funds, and other things. Learn the details.

Rule Changes From November: Starting today, November 1st, several major changes have come into effect across the country. This will have a direct impact on the pockets of ordinary people. Indeed, changes have been made to the rules related to Aadhaar, bank nominations, and mutual funds, among many other things.

Rule Changes From November: The month of November begins today. Consequently, changes have been made to the rules for Aadhaar, bank nominations, and mutual funds, among many other things. This nationwide change will directly impact people's pockets. In fact, it is expected to have a direct impact on financial transactions.

These rules have changed across the country:

Free Aadhaar Card Update - The Unique Identification Authority of India (UIDAI) has waived the ₹125 fee for biometric Aadhaar updates for children. This facility will be available for one year. However, updating the name, address, and mobile number of an elder will cost ₹75, while biometric changes will cost ₹125.

Reduced LPG Cylinder Prices - The rates of commercial LPG (liquefied petroleum gas) cylinders and domestic cylinders have been updated. The price of commercial (blue) cylinders has been reduced by ₹5 from Delhi to Patna. Over the past year, the price has decreased by more than ₹200. Starting today, the price of 19-kg commercial LPG cylinders has also decreased slightly in all four major cities.

Changes in Mutual Fund Rules - Changes in mutual funds have also been made. According to this, any payment of more than ₹15 lakh to an officer, employee, or family member of an asset management company will now require prior information to be provided to the compliance officer.

Bank Nomination Rule Changes - This change related to banks is considered very significant. Bank customers can nominate up to four people for an account, locker, or safe custody item. They will also be able to choose how much of their property they wish to give to each nominee, allowing them easy access to funds during emergencies.

Changes to Switch from NPS to UPS: The deadline for switching from NPS (National Pension System) to UPS (Unified Pension Scheme) has been extended to November 30th.

New SBI Credit Card Rules: This is a major change for SBI credit card holders. Certain service charges have been revised. Payments such as school fees made through third-party apps like MobiKwik or CRED will now incur an additional 1% charge. Loading an amount of more than ₹1,000 into a digital wallet will also incur a 1% charge. Additionally, a 3.75% charge will also apply to unsecured cards.

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