October 1 changes: Banks, trains, parcels & pensions

October 1 brings several rule and fee changes across banks, railways, postal services, and pensions. Here’s a breakdown of what you need to know.

HDFC Bank Imperia Customers: New TRV Rules

HDFC Bank has revised eligibility for its Imperia banking program.

• Customers must now meet updated Total Relationship Value (TRV) criteria.
• Even if you joined before June 30, 2025, the new rules apply starting October 1.

Punjab National Bank: Higher Fees

From October 1, Punjab National Bank (PNB) has increased multiple charges:

• Locker rentals
• Failed standing instructions
• Nomination-related charges

Customers will now face higher service costs across these areas.

YES Bank Salary Accounts: New Charges

If you hold a YES Bank salary account, several new fees come into effect:

• ATM withdrawal limits with charges beyond free usage
• Cash deposit charges
• Penalties on bounced cheques

These changes will increase the cost of basic banking services.

IRCTC Online Ticket Booking: Aadhaar-Based Rules

The Indian Railways Catering and Tourism Corporation (IRCTC) has tightened rules for online ticket booking:

• Aadhaar-based guidelines now apply to general ticket bookings.
• The move aims to reduce touts and agents.
• For passengers, this means stricter identity verification while reserving seats.

India Post Speed Post: Higher Rates and OTP Delivery

Sending parcels via India Post Speed Post will now cost more.

• Revised tariff rates come into effect.
• OTP-based delivery has been introduced, ensuring packages are handed over only after recipient verification.

Pension and NPS: Revised Charges, Higher Equity Option

The Pension Fund Regulatory and Development Authority (PFRDA) has updated its rules:

• Recordkeeping charges have been revised.
• Non-government NPS subscribers can now invest up to 100% in equities.

This offers more flexibility for retirement planning.

Government Pension Scheme Switch: Deadline Closed

• The deadline for government employees to switch between the Unified Pension Scheme (UPS) and National Pension System (NPS) ended on September 30, 2025.
• No further changes can be made after this date.

From banking fees to railway ticketing rules, Speed Post tariffs, and pension reforms, October 1, 2025 marks a significant shift in everyday financial and service-related regulation