New Delhi: As soon as the month of November starts, many important changes related to money, banking and everyday work have been implemented in the country. These can have an impact on elderly pensioners, taxpayers, mutual fund investors and bank customers. Some rules have come into effect from November 1, 2026, while the deadline for some important works is this month. In such a situation, it is important for you to be aware of these changes. Let us know about the major changes that took place in November.
First change: Pensioners will have to submit life certificate
The process of submitting the annual life certificate for pensioners below 80 years of age who receive government pensions has started on November 1. They will have to submit this certificate by 30 November 2026. At the same time, this facility for pensioners aged 80 years and above has started from October 1. Pensioners can submit the digital certificate by visiting the bank branch or through the Jeevan Praman portal.
Second change: What changed in the rules of GST?
Changes in some provisions of GST have come into effect from November 1. These include rules related to after-sales discounts, credit notes and tax refunds. Under the new provisions, conditions like reversal of input tax credit related to post-supply discount will be applicable. These changes may impact businessmen and small traders.
Third change: Default option for mutual fund investment changed
The new rule has also come into effect for mutual fund investors. Direct plans have been made the default option on the digital platforms of asset management companies from November 1. If investors choose the regular plan, they will be informed about the higher expense ratio associated with it. Its purpose is to give investors a clear idea about the expenses of both the options.
Fourth change: Date for filing ITR extended
Some audited taxpayers have got relief for assessment year 2026-27. The last date for filing income tax returns for eligible businessmen, professionals and firms has been extended from October 31 to November 21, 2026. This exemption is not for all taxpayers but will be applicable to those who fulfill the prescribed conditions.
Fifth change: Revision in PNB credit card charges
Punjab National Bank i.e. PNB has made changes in many service charges on its Visa and RuPay credit cards. This includes charges related to cash withdrawal, late payment and utility bill payment. Customers who have PNB credit card must check the new charge information from the official website of the bank.
Sixth change: New charge will be imposed on IndusInd Bank customers
IndusInd Bank has introduced charges on failed transactions for some savings accounts. If the transaction fails through POS or bank ATM due to insufficient balance in the account, a charge of Rs 25 will have to be paid. At the same time, if the check is returned due to some non-financial reasons, a fee of Rs 50 per check will be charged. GST will be applicable separately on these charges.
Seventh change: Commercial LPG cylinder becomes costlier
With the beginning of November, the price of a 19 kg commercial LPG cylinder has also increased. This may affect hotels, restaurants and other commercial establishments. However, the price of 14.2 kg LPG cylinder for domestic use has not been changed at present.
In this way, these changes that took place in the beginning of November can affect different sections of people. Therefore, pensioners, investors, businessmen and bank customers must be aware of the new rules and their respective deadlines.
