INCOME TAX28 Sept 2026
New rules from October: SBI ATM charges, bulk FD rates, fee on UPI, Aadhaar verification for LPG subsidy, and more | Mint
From 1 October, several everyday money rules change. SBI salary package customers get only five free cash-machine (ATM) uses at other banks, down from ten. After that, each withdrawal costs ₹23 plus GST. Banks must post bulk fixed deposit rates online daily. From 15 October, merchant UPI (digital) payments above ₹2,000 attract a charge. LPG subsidy now needs biometric Aadhaar verification.
Key Statutory Highlights
- SBI salary package customers will get only 5 free transactions a month at other banks' ATMs, down from 10, and each extra cash withdrawal then costs ₹23 plus GST.
- From 1 October, households must complete biometric Aadhaar verification to keep receiving the LPG subsidy on 14.2 kg refills.
- From 15 October, UPI merchant payments above ₹2,000 will attract a Merchant Discount Rate, while payments up to ₹2,000 stay free.
Actionable Advice for Taxpayers / Founders:If you hold an SBI salary package account, plan your cash withdrawals so you stay within the 5 free transactions at other banks' ATMs; and complete biometric Aadhaar verification at your gas agency, on the required mobile app, or with the delivery staff, so your subsidised 14.2 kg LPG refill continues.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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