Stories
Major Changes from October 1: LPG, ATM Transactions, FD Rules, and More!
- •LPG cylinder prices will change from October 1, and Aadhaar biometric authentication or e-KYC will be mandatory for LPG subsidy.
- •OTP-based LPG delivery service will start, requiring an OTP from the registered mobile number for delivery.
- •SBI ATM transaction rules will change, increasing charges for savings and salary account holders.
- •RBI will change FD rules, requiring banks to update FD interest rates daily at 10 am.
- •NRI property transaction rules will be simplified, allowing PAN card use for TDS; birth and death registration rules will also change.
Key Questions Answered
Starting October 1, 2026, SBI savings account holders get the first 4 ATM transactions free, with a charge of Rs 15 plus GST for subsequent transactions. For salary account holders, the monthly free limit is reduced from 10 to 5, and subsequent transactions will cost Rs 23 plus GST.
Under the new RBI rules effective October 1, 2026, banks are required to update their fixed deposit interest rates every morning at 10 am. Additionally, banks must share all details regarding these rates on their official website.
The Income Tax Department has simplified the TDS process for Non-Resident Indians starting October 1, 2026. Resident individuals or Hindu Undivided Families buying property from NRIs no longer need a separate tax deduction and TAN, and can instead use their PAN card for TDS deduction, deposit, and recording.
