October 1 will bring about several changes in rules related to several matters such as pensions, auto-debit, LPG prices, cheque book, and debit card payments.
New Pension Rule: Pensioners have to submit life certificate every year i.e. certificate of their survival. Failure to do so will result in their pension being withheld. Pensioners can submit their life certificate from October this year. It can also be submitted online, which is called a Digital Life Certificate. According to the Department of Pension and Pensioners' Welfare, for the continuation of pension or family pension, it is necessary that it should be deposited by November. Life certificate can also be submitted online through Aadhaar based biometric authentication. For this, pensioners can visit the website- ( https://jeevanpramaan.gov.in/ ) and submit their certificates. Apart from this, pensioners will also be able to submit Digital Life Certificate from October 1, 2021, by visiting Jeevan Pramaan Center of all Head Post Offices in the country. All elderly pensioners who are 80 years of age and above will be able to submit their digital life certificates by visiting these Jeevan Pramaan Centres by November 30, 2021.
Cheque book Rule Change: From October 1, the old Cheque book and MICR codes of Allahabad Bank, Oriental Bank and United Bank of India need to apply for new cheque book as soon as possible because their old cheque book will become invalid. It is due to the merger of Allahabad Bank into Indian Bank while Oriental Bank of Commerce and United Bank of India have been merged into Punjab National Bank (PNB).
Auto Debit Facility: To strengthen the safety of card transactions, the Reserve Bank of India (RBI) has announced new guidelines on e-mandates or recurring payments via cards, effective from October 1. If your monthly subscription amount for any service exceeds Rs 5,000, then an additional factor of authentication (AFA) will become mandatory. For automated debits, your card issuer or bank would now need to send a notification at least 24 hours in advance. An e-mandate or a standing instruction to charge your card is a recurring payment facility for services and utilities. If the monthly payment is below Rs 5,000, then there is no change. But for all auto-debit payments in excess of Rs 5,000 a month, you must re-register.
Private Liquor Shops: No liquor vends will open in 105 of the 272 municipal wards of Delhi for over one and a half months – between October 1 and November 16 – to ensure a smooth transition to the new excise regime. In around 80 wards of the national capital, there are no liquor vends. In another 26 wards, there are only privately owned liquor vends that will close down from October 1, according to officials. With only government liquor stores functioning from October 1 to November 16, the 26 wards will go dry during the period, according to a PTI report.
India Post ATM charges: The ATM charges of customers having a saving account in a post office will change from October 1. The new rule will come into effect from October 1, the department of the post said in a circular. The annual maintenance charge for post office ATM/debit cards from October 1 will be Rs 125 plus GST. The charges will be applicable from October 1, 2021, to 30 September 2022. The SMS alerts charges will now be Rs 12 plus GST.
Suryoday Small Finance Bank ATM Shut: Suryoday Small Finance Bank will discontinue its ATM services from October 1. The bank on its website said, "due to operational reasons, Suryoday Bank ATMs will be discontinued w.e.f. 1st Oct 2021." However, one can continue to use their Suryoday Bank ATM/Debit Card at any other Bank’s ATM for your cash withdrawal requirements, it added. The bank said for other banking services, customers can use Internet Banking and Mobile Banking (24*7).