Major Changes Effective from October 1, 2025

From October 1, 2025, several major policy and operational changes have been

implemented across railways, banks, pensions, postal services, and financial

regulations. Citizens and businesses must take note of the following updates:

1) RBI Repo Rate – No Change

The Reserve Bank of India has kept the repo rate unchanged. This means no

immediate change in loan EMIs or deposit rates.

2) IRCTC / Indian Railways – Aadhaar Authentication Priority

IRCTC has mandated Aadhaar authentication for priority in ticket booking windows

to prevent misuse and automation-based bookings.

3) Bank Service Charges

Many banks have revised their charges effective October 1. Changes include ATM

transaction fees, debit card charges, and minimum balance penalties.

4) RBI Cheque Clearing – Continuous Processing

From October 4, cheque clearing will shift to a continuous process. This ensures

faster settlement and quicker fund availability.

5) National Pension System (NPS) Updates

New scheme options now allow up to 100% equity allocation for certain investors.

CRA fees and operational guidelines have also been updated.

6) Atal Pension Yojana (APY) – Updated Subscriber Form

A new APY subscription form is mandatory for fresh enrollments. Existing

subscribers need not re-apply.

7) India Post / Speed Post Changes

Speed Post tariffs have been revised. Registered Post has been merged with

Speed Post. New features include OTP-based delivery and improved digital

tracking.

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Practical Guidance

- IRCTC users should complete Aadhaar authentication immediately.

- Bank customers must check their bank’s October circular for new charges.

- Cheque users should be ready for faster settlement timelines.

- NPS/APY subscribers must review the new guidelines and forms.

- Businesses and e-commerce operators should adjust to new Speed Post tariffs.

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Conclusion

These reforms are not disruptive but require careful adjustments by individuals and

businesses. Staying updated and proactive will ensure smooth adaptation to the

new framework.

 

Prof. Mahesh Sangam