Five money rule changes in India take effect on 1 November 2026

what happened

Several financial changes take effect in India on 1 November 2026, according to Moody's. They cover GST provisions, bank charges and filing deadlines for pensioners and taxpayers.

Pensioners under 80 can submit annual life certificates from 1 to 30 November, while those aged 80 and above have been able to do so since 1 October. The PFRDA has also launched a digital life certificate service for Unified Pension Scheme subscribers. The filing deadline for some audited taxpayers for Assessment Year 2026-27 moves from 31 October to 21 November.

Punjab National Bank is revising its Visa and RuPay credit card fees. Cash withdrawals at its own ATMs will cost 2.5% of the amount, with a minimum of Rs.400. Late payment fees fall for dues up to Rs.500 and rise to a maximum of Rs.1,200 for outstanding amounts above Rs.50,000. A new fee of 1% applies to utility payments above Rs.50,000 in a billing cycle, capped at Rs.2,000 per transaction.

From 1 November, IndusInd Bank will charge Rs.25 for POS and ATM transactions declined for insufficient funds, and Rs.50 per cheque returned for non-financial reasons. These charges exclude GST. Such failed transactions were previously free.

why it matters

For investors the story is local. The new fees may modestly lift retail banking income, but the text offers no data on any effect on share prices.

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