With the beginning of October, several new rules are set to come into effect on October 1st. Given the festive season, these changes will directly impact the daily lives of ordinary people, especially in the financial and services sectors. Let's explore the upcoming changes and their impact.
Changes in LPG Gas Prices
LPG cylinder prices will be reset on October 1st. They could increase, decrease, or remain unchanged. The last rate change occurred on April 8, 2025. Since it's the festive season, people are expecting a price reduction.
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New Railway Ticket Booking Rules
Railway ticket booking rules will change from October 1st. Now, only those with complete Aadhaar verification will be able to book tickets online within the first 15 minutes of reservation opening. This rule will apply to both the IRCTC website and app. Previously, this rule was limited to Tatkal bookings only.
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New Pension System
The rules related to NPS, UPS, Atal Pension Yojana, and NPS Lite have been changed. Government employees will now have to pay ₹18 for an e-PRAN kit to open a PRAN. Additionally, the fee structure for NPS Lite subscribers has been simplified.
Major Changes in UPI
The P2P (peer-to-peer) transaction facility on UPI platforms may be removed from October 1st. This feature was very popular on PhonePe, Google Pay, and Paytm. Its purpose is to enhance user security and prevent fraud. If implemented, alternative payment options will be available.
Banking Holidays Extended
Banks will have a total of 21 holidays in October due to festivals. These include Dussehra, Diwali, Lakshmi Puja, Maharishi Valmiki Jayanti, and Chhath Puja. Therefore, be sure to check the holiday list before doing any banking work.