November 2026 Money Changes: New Bank Charges, Pension Rules and Tax Deadlines

November 2026 Money Changes: From November 1, 2026 there have been several key changes to financial services such as Pension life certificates, Credit card fees at Punjab National Bank (PNB), Savings account fees at IndusInd Bank and changes to GST.

Alongside extensions to the time eligible taxpayers can file their income tax returns, here are 5 key changes which have taken effect and the deadlines involved.

1. Pensioners must submit life certificates by November 30

Government pensioners under 80 can now submit their annual life certificate from November 1 to November 30, 2026. Those aged 80+ can submit from October 1. This confirms they are alive and eligible to receive their pension.

Pensioners can submit their life certificate via:

• Their bank branch who dispense pensions
• Jeevan Pramaan Online system (Aadhaar and facial recognition)
• Other centres authorised to provide digital life certificates.
• Eligible Unified Pension Scheme (UPS) members can use the UPS Jeevan Setu Digital Life Certificate in the Protean eGov app.
• Pensioners should complete this in the given timeframe to avoid any issues.

Website link: https://jeevanpramaan.gov.in/

2. PNB Credit Card Fees

Punjab National Bank has updated the fees for eligible visa and ru pay credit cards.

New fees include:

• Cash Withdrawal: 2.5% or 400 Rs. whichever is greater. This is charged at PNB ATMs. 2.5% or 500 Rs. whichever is greater. This is charged at other domestic banks.
• Late Payment: No charge for up to 500 Rs. The maximum fee has increased to 1200 Rs. for amounts exceeding 50,000.
• Payment of Utility Bills: If eligible bills exceed 50,000 Rs. in a cycle then a 1% fee will apply. Maximum of 2000 Rs.
• Reward Points: 99 Rs. charge for redeeming eligible reward points.
• Duplicate Hardcopy Statement: 50 Rs. per month for statements older than 3 months. Electronic statements are free.

Additional fees will apply to some failed cheques/auto payments. Taxes may also apply alongside and the fees may vary depending on your card.

Website link: https://pnb.bank.in/

Five-Day Banking Week: IBA Forms High-Level Committee With Bank Unions

3. IndusInd Bank: Charge for failed transactions

Some IndusInd Bank savings account holders will now incur fees from November 1 for failed transactions due to insufficient funds.

The new fees will apply to certain account types:

• Indus Delite, Indus Digi-start and Indus Online-Minute Balance Required Accounts.

New fees include:

• 25 Rs. charge for declined POS transaction (insufficient funds).
• 25 Rs. charge for failed transaction at IndusInd Bank ATM (insufficient funds).
• Cheque bounce: 50 Rs. per cheque.
• GST will also apply.
• It is therefore important to ensure you have enough balance in your account to make payments via card, cash withdrawal or cheques.

Website link: https://www.indusind.com/

4. Income Tax Return Extension

Those with accounts liable to audit should be aware that the deadline for submitting income tax returns for Assessment year 2026-27 (Financial year 2025-26) has been extended.

The deadline for some eligible taxpayers has been extended to November 21, 2026 from October 31.

This applies to eligible businesses, professionals, firms and others who meet the criteria. They must ensure they file their tax audit reports by October 21, 2026.

Website link: https://www.incometax.gov.in/

5. New GST Rules

Some changes to the Central Goods and Services Tax Act 2017 have come into effect from November 1. This was notified by the government on October 26, 2026.

Key changes include:

• Discounts after supply: Eligible discounts can now be excluded from taxable value under new rules. This includes issuing a credit note and reversing the input tax credit.
• Refunds (Provisional): The 90% refund facility now applies to eligible claims with an inverted duty structure.
• Refund on exports: The minimum refund of 1000 Rs. for IGST on exported goods has been removed.

These changes will apply to businesses, exporters and those registered for GST. It could help eligible businesses with their working capital by allowing them to claim refunds.