Source: ET
Context:
From October 1, 2025, several important regulatory and policy changes across banking, pensions, ticketing, and postal services will take effect. These changes aim to improve efficiency, enhance transparency, and provide greater flexibility to consumers.
Banking – Cheque Clearing
- What’s new? Cheque clearing moves from batch clearing to continuous clearing.
- Phased implementation:
- Phase 1: October 4, 2025 – January 2, 2026.
- Phase 2: Full roll-out after January 2, 2026.
- Impact: Faster settlement and reduced delay in fund transfers.
IRCTC Ticket Reservation
- New rules for general category online bookings.
- Aadhaar-based authentication mandatory in certain cases to prevent misuse.
- Impact: Reduces fraudulent and bulk ticket bookings.
NPS (National Pension System)
- 100% equity option allowed for non-government subscribers.
- Investors can maintain multiple schemes under one PRAN across different Central Recordkeeping Agencies (CRAs).
- Deadline: Government employees cannot switch from Unified Pension Scheme (UPS) to NPS after September 30, 2025.
- Impact: More flexibility, potentially higher returns for investors.
Banking Service Charges
- PNB, YES Bank, and others revising service charges.
- Affects locker rent, stop payment, nomination services, and standing instruction failure fees.
- Impact: Customers may face higher costs, need to check bank notifications.
Postal Services
- Speed Post tariff revision and new features.
- OTP-based delivery authentication and GST split shown separately in invoices.
- Impact: Better transparency and customer trust in India Post services.
