By Admin 
New Rules From 1st December: With the beginning of the month of November, there are going to be changes in many important things related to common people. These changes will have a direct impact on your pocket – be it banking, taxation, or government documents. Let us know in detail about these major changes coming into effect from November 1 –
1. New fee system for SBI cardholders
From November 1, SBI credit card users will have to pay additional charges on some transactions. If education related payments (like school/college fees) are made through third party apps like CRED or MobiKwik, there will be an additional charge of 1%. Also, if you load more than ₹ 1,000 into a digital wallet (like Paytm or PhonePe) from SBI card, then 1% charge will have to be paid on that too.
2. Big change in Aadhar card update charge
UIDAI has given relief regarding Aadhaar card update of children. Biometric update of children will now be completely free (for the next one year). For adults, a fee of Rs 75 will be charged for updating name, address, date of birth or mobile number. There will be a charge of Rs 125 for fingerprint or eye scan (biometric update). Plus, you can now update some basic details — like name, date of birth or address — without uploading any documents.
3. New GST slabs will be applicable
The government is going to implement major changes in the GST structure from November 1. The old four slabs (5%, 12%, 18%, and 28%) have been simplified and converted into two slabs. Now 12% and 28% slabs have been removed. Also, up to 40% GST will now be imposed on luxury and harmful items. The aim of the government is to make the GST structure simple and transparent.
4. New rules for bank nomination
The rules related to nomination for bank accounts have been changed from November 1. Now maximum four nominees can be made for one account, locker or safe custody. The process of adding or changing a nominee has been made easier and online than before. This will make it easier for the family to access funds in emergency situations.
5. Deadline for shifting from NPS to UPS extended
Relief news for central employees – Employees who want to shift from National Pension System (NPS) to Unified Pension Scheme (UPS) have now been given time till November 30. This additional time will give employees the opportunity to review and plan their options.
Also read: Indian rupee got new impetus today, gave a crushing defeat to the US dollar in the currency ring.