Aadhaar, Bank Rules, Transaction Charges: Here’s a List of Changes to Come Into Effect on November 1

Big Policy Updates Start From November 1

Beginning November 1, 2025, several new rules related to Aadhaar, banking, and digital transactions will come into force across India. These changes aim to make the financial system more transparent, safer, and easier for users.

Banks, government departments, and UIDAI (Aadhaar authority) have already issued notices to customers to review their details and complete necessary updates before the deadline.

1. Aadhaar Update Deadline

The Unique Identification Authority of India (UIDAI) has made it mandatory for citizens to update their Aadhaar details every 10 years.
People who received Aadhaar more than a decade ago must re-verify their information, including address and contact number.

Free online Aadhaar updates are being stopped from November 1, so users will now have to pay a small service fee (around ₹50) at authorized centres or through the mAadhaar app.

Updating Aadhaar helps prevent identity misuse and ensures smoother verification for government benefits, KYC, and banking services.

2. New Bank Nomination Rules

The Reserve Bank of India (RBI) has introduced new guidelines for bank nominations to make customer data more secure and transparent.
Every account holder must update or confirm their nominee details by the new deadline.

If a customer fails to update nominee information, the bank may temporarily restrict certain services until the details are verified.
This rule applies to savings accounts, fixed deposits, and demat accounts.

The aim is to reduce disputes and confusion during account settlements in case of unforeseen events.

3. Transaction Charge Revisions

Starting November 1, a few banks and payment platforms will revise transaction charges for ATM withdrawals, UPI transfers, and card payments.

• UPI and digital payments remain free for individuals, but certain business or high-value transactions may attract a nominal platform fee.
• ATM withdrawal limits beyond the free quota could carry a slightly higher charge, depending on the bank.
• Some private banks have also adjusted their credit-card late-payment and service-charge structures.

The changes are part of an effort to balance digital-payment infrastructure costs while keeping basic transactions affordable.

4. Easier Aadhaar-Linked Banking

From November 1, Aadhaar-linked services will become more streamlined. Banks will use real-time Aadhaar authentication to update customer KYC records instantly.
This will allow faster processing for online loan applications, pension withdrawals, and subsidy transfers directly to beneficiary accounts.

Why These Changes Matter

The updates may seem minor, but they affect nearly every Indian banking customer.
Regular Aadhaar verification helps keep personal data accurate, while the revised bank and transaction policies ensure smoother digital operations.

Experts say these moves will help modernize India’s financial system and improve the safety of customer accounts in an increasingly digital economy.

In Summary

From November 1 onwards, customers must:

• Re-verify or update their Aadhaar details.
• Confirm or update bank nomination information.
• Take note of revised ATM and digital-transaction charges.

These small steps today can help avoid future disruptions and ensure all financial services continue smoothly.