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October 2026 Financial Overhaul: RBI, SBI, UPI, ITR, and LPG Changes Impact You
M
Moneycontrol•30-09-2026, 08:41
October 2026 Financial Overhaul: RBI, SBI, UPI, ITR, and LPG Changes Impact You
- •October 2026 brings significant financial changes affecting banking, borrowing, savings, tax, and household expenses.
- •Key changes include the RBI's MPC meeting, extended ITR and tax audit deadlines, and new LPG Aadhaar authentication rules.
- •SBI is revising free ATM transaction limits for salary account holders, reducing them from 10 to 5 at other bank ATMs.
- •New UPI MDR framework for certain merchant transactions above Rs 2,000 will be implemented, though customers won't pay the charge.
- •PFRDA has revised NPS charges, and new bulk deposit interest rate disclosure rules from RBI will take effect.
Key Questions Answered
The Central Board of Direct Taxes extended the deadline for furnishing tax audit reports to October 21, 2026, and the income tax return filing deadline for those cases to November 21, 2026, for assessment year 2026-27.
Starting October 1, 2026, SBI is reducing the number of free monthly transactions at other banks' ATMs from 10 to five across all salary package account variants, which includes both financial and non-financial transactions.
Domestic LPG consumers who do not complete the biometric Aadhaar authentication will still be able to obtain LPG refills, but they will be charged the applicable market price without the subsidy.
