• Source:JND
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Several key regulatory changes will take effect across banks, government departments, UPI, gaming, and other regulatory bodies in India from Wednesday. These include revisions to banking charges, pension rules, postal services, railway bookings, and cheque clearing. Here’s a look at what’s changing, and what’s set to become costlier or cheaper going forward.

List Of Key Changes Effective October 1, 2025

1. UPI Transection

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The National Payments Corporation of India (NPCI) will discontinue the peer-to-peer (P2P) “Collect Request” or “Pull Transaction” feature on UPI platforms such as PhonePe, Google Pay, and Paytm. Effective October 1, this decision, outlined in a circular signed by Kunal Kalawatia, Chief of Products, is aimed at strengthening user security and reducing online fraud.

2. IRCTC Railway Ticket Booking

Starting October 1, new rules for booking general tickets online via IRCTC’s website and mobile app will come into effect. Under the updated policy, Aadhaar-authenticated users will get priority access to reservations in the first 15 minutes, preventing agents from making bookings during this initial window. The move is aimed at curbing misuse of the ticket reservation system.

3. National Pension System (NPS)

e-Government NPS subscribers can now invest up to 100% of their pension corpus in equity schemes under the Multiple Scheme Framework (up from 75 percent). PRAN charges have also been revised, Rs 18 for the e-PRAN kit and Rs 40 for the physical PRAN card for government employees (rates differ for private subscribers). Annual maintenance will be zero for nil-balance accounts, and the e-PRAN kit will be the default option at account opening.

4. Liquefied Petroleum Gas (LPG) 

Subsidy norms under certain schemes have been revised, and LPG prices are also up for review. With prices assessed monthly, a revision effective October 1 could impact household budgets, costs may rise, fall, or remain unchanged.

5. Online Gaming 

The Promotion and Regulation of Online Gaming Act will ban real-money games and betting apps while allowing e-sports and skill-based games. Aimed at protecting young people and reducing gambling risks, the new rules introduce stricter age limits (18+ for real-money gaming), licensing requirements, and enhanced transparency, security, and player protection measures.

6. Goods And Services Tax (GST) 

A revised turnover threshold has been introduced for businesses required to issue e-invoices under GST, bringing more enterprises under the compliance net.

7. NRI Public Provident Fund (PPF)

NRIs will no longer be allowed to open new PPF accounts, and extensions on existing ones will also be discontinued, a move set to impact NRI savers and investors.

8. Road Safety Fine 

Some states have raised fines for specific traffic violations to strengthen enforcement and improve road safety.

9. SEBI F&O Rules

New limits for single-stock derivatives trading allow individuals up to 10 percent of the market-wide position limit (MWPL) and institutions up to 20 percent, aiming to maintain market stability and manage risks.

10. India Post Speed Post

From October 1, rates have been revised, GST will be shown separately, and customers can opt for OTP-based delivery. India Post says these changes will make the service safer, more transparent, and user-friendly.

11. Gold Loan

Banks can now offer extended repayment periods of up to 270 days (up from 180) and provide loans to domestic non-manufacturers outsourcing jewellery production.

12. RBI Rules  

From October 1, 2025, scheduled commercial banks can provide working capital loans to jewellers, and Tier 3 and Tier 4 Urban Co-operative Banks can lend to businesses using gold in manufacturing or processing.

The RBI will shift from batch-based cheque processing to continuous clearing in two phases: starting October 4, 2025, and January 3, 2026.

Customers will need to update their bank locker agreements as the new RBI norms come into effect on October 1.

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Banks can now decide interest rates on floating-rate loans, allowing borrowers to benefit from rate changes sooner, and can offer the option to switch from fixed to floating rates from October 1.

RBI rules for PDIs, including foreign currency or rupee bonds sold overseas, have been updated to help banks raise more capital from global markets, effective October 1, 2025.

13. Bank Charges (HDFC, PNB, Yes Bank)

Updated fees and revised rules have been announced for lockers, debit cards, ATM withdrawals, salary accounts, and service failures, resulting in higher charges and stricter policies for customers.