Several financial changes take effect from 1 November 2026, impacting pensioners, taxpayers, and bank customers. Pensioners must submit life certificates by 30 November, while audited taxpayers got an extension until 21 November for filing returns. Additionally, banks like PNB and IndusInd Bank started new charges for withdrawals and failed transactions.

Several financial and banking-related changes will take effect from 1 November 2026. These include changes to GST provisions, revised bank charges and the annual life certificate submission window for pensioners.

Meanwhile, eligible taxpayers have a revised deadline for filing income tax returns. Here is what taxpayers, business owners, and bank account customers should know.

Pensioners must submit life certificates in November

Government pensioners below 80 years of age can submit their annual life certificates from 1 November to 30 November 2026. Pensioners aged 80 and above have already started submitting them from 1 October.

They can submit the certificate physically at a pension-disbursing bank branch or digitally through the Jeevan Pramaan facility using Aadhaar-based authentication and face authentication.

PFRDA has enabled the UPS Jeewan Setu Digital Life Certificate (DLC) facility for Unified Pension Scheme (UPS) subscribers. Eligible pensioners need to submit their annual life certificates through the Protean eGov App by 30 November.

Extended ITR deadline for eligible audited taxpayers

The deadline for filing income tax returns for certain taxpayers covered under audit requirements for Assessment Year 2026-27 has been extended from 31 October to 21 November 2026.

The extension applies to eligible businesses, professionals, firms, and other specified taxpayers who have filed an tax audit report by 21 October 2026.

The amendments cover post-supply discounts, credit notes and GST refunds. They include revised conditions for excluding eligible post-sale discounts from taxable value, including the requirement to reverse attributable input tax credit.

The changes also address refund provisions, including those relevant to businesses facing inverted duty structures.

For cash withdrawals at PNB ATMs, the fee will be 2.5% of the amount withdrawn or ₹400, whichever is higher. At other domestic ATMs, the charge will be 2.5% of the withdrawal amount or ₹500, whichever is higher.

The bank has also revised late payment fees based on the outstanding amount due. Earlier, no charge was applied for dues of ₹1,000 or less, while the maximum fee was ₹750 for dues above ₹10,000. From November 1, no fee will apply for dues up to ₹500, while the maximum charge will increase to ₹1,200 for outstanding amounts above ₹50,000.

Other changes include cash withdrawal charges, cheque return charges and ECS/auto-debit dishonour charges.

IndusInd Bank introduces charges on failed savings account transactions

From 1 November, IndusInd Bank will levy charges on certain failed transactions for customers holding Indus Delite, Indus Digi-start, Indus Online-Min Bal Required and Indie (Star/ Superstar/ Megastar) savings accounts.

A POS transaction declined due to insufficient funds will now attract a ₹25 charge. A failed IndusInd Bank ATM transaction due to insufficient balance will also cost ₹25. Cheques returned for reasons other than financial reasons will attract a charge of ₹50 per cheque.

These charges are exclusive of GST. Earlier, all three failed transaction types were free of charge.