Now Reading: SBI ATM, UPI MDR, LPG subsidy rules change from October
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SBI ATM, UPI MDR, LPG subsidy rules change from October
Several banking and personal finance rules change from October 2026. SBI will reduce free monthly transactions for salary account holders at other bank ATMs from 10 to five, effective October 1. The…
Several banking and personal finance rules change from October 2026. SBI will reduce free monthly transactions for salary account holders at other bank ATMs from 10 to five, effective October 1. The Reserve Bank of India will require banks to disclose bulk fixed deposit interest rates daily by 10 am from the same date.
From October 15, UPI merchant transactions above Rs 2,000 will attract a Merchant Discount Rate. The government says 96% of payments to merchants will remain unaffected. A PIL challenging the MDR was filed in the Supreme Court, which has refused an interim stay and issued notices to the government, RBI and NPCI.
Households must complete biometric Aadhaar authentication by October 1 to continue receiving LPG subsidies. The Pension Fund Regulatory and Development Authority has introduced a Rs 200 one-time joining charge for new NPS subscribers from the same date.
Indian Opinion Analysis
Both sources report the rule changes neutrally, presenting them as scheduled regulatory updates. Economic Times adds the Supreme Court's refusal of an interim stay on the UPI MDR, including the PIL petitioner's allegation that the levy lacked statutory safeguards. Mint omits the legal challenge entirely. Neither source frames the changes as pro- or anti-government. The uniform coverage suggests these are administrative notifications, not policy disputes. Readers should track whether the Supreme Court hearing leads to a stay before October 15.
Coverage: 2 sources, 2 neutral
Sources (2): economictimes.indiatimes.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry.
Updated: this story now draws on 2 sources.
