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October 1 Changes: Key Updates Affecting Public Money, Services, and Transactions!
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News18•30-09-2026, 16:03
October 1 Changes: Key Updates Affecting Public Money, Services, and Transactions!
- •Aadhaar biometric verification is mandatory for LPG subsidy; 27.43 crore consumers have already completed it.
- •SBI Basic Savings Bank Deposit accounts will charge Rs. 15 + GST for cash withdrawals exceeding 4 times a month.
- •RBI rules mandate banks to openly announce interest rates for bulk deposits of Rs. 3 crore and above.
- •TAN procedure simplified for Resident Individuals or HUFs purchasing property from NRIs.
- •Children's Aadhaar biometric update is free until September 30; Chennai Corporation property and professional tax due by same date.
Key Questions Answered
Cash withdrawals up to 4 times a month remain free in SBI's Basic Savings Bank Deposit accounts, but each cash withdrawal thereafter incurs a charge of Rs. 15 plus GST. However, this restriction does not apply to digital transactions.
Aadhaar biometric verification is now important to receive an LPG cylinder with a subsidy. Consumers who have not yet completed this verification must finish their KYC and biometric verification through gas agencies or oil company facilities.
RBI rules coming into effect require banks to openly announce interest rates for bulk deposits of Rs. 3 crore and above.
