Starting November 1, 2025, several new Indian financial rules directly impact banking, Aadhaar, GST, and credit card services for UAE-based Indian expats.
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Starting November 1, 2025, several new Indian financial rules directly impact banking, Aadhaar, GST, and credit card services for UAE-based Indian expats.
Starting November 1, 2025, several new Indian banking rules UAE 2025, directly impact, Aadhaar, GST, and credit card services for UAE-based Indian expats. These changes could shape how NRIs manage accounts, transfer money, shop online, and keep up with regulatory compliance in India.
Bank nomination rules:
New amendments allow account holders to name up to four nominees for bank accounts and lockers, with the ability to specify shares for each. Successive nominees can inherit entitlements if a previous nominee passes away. Expats should update NRE/NRO nomination details and notify their banks of any changes using digital channels.
Aadhaar digital update:
NRIs can now modify key Aadhaar details (name, address, mobile number, date of birth) completely online, without paperwork. Children’s biometric updates are free for one year, while adult updates cost ₹75-₹125. Ensure mobile and address records are current to avoid banking or UPI issues.
GST changes:
India’s GST system is moving from four slabs to two plus a special rate—12% and 28% rates are out, and a 40% GST applies to luxury and sin goods. NRIs should monitor shopping prices and remittance costs for expensive items.
Paytm UPI for NRIs:
UAE-based Indians can use Paytm UPI with international mobile numbers and NRE/NRO account linkage, enabling instant India-based money transfers, bill payments, merchant QR scans, and online purchases.
Pension and Life Certificate:
Indian government employees abroad can switch from the National Pension System to the Unified Pension Scheme till November 30. All pensioners must submit annual Life Certificates before November 30 to ensure benefits continue uninterrupted—online submission options are available for NRIs.
Credit card and locker updates:
SBI Cards has imposed a 1% fee on education payments via apps like MobiKwik or CRED and wallet recharges above ₹1,000. Punjab National Bank reduced locker rent charges; new rates take effect 30 days after the announcement. Monitor card fees and check for rent updates if you hold a PNB locker.
UAE Indians should promptly update account nominations, Aadhaar details, and NRE/NRO account information. Using Paytm UPI can save time and fees, while awareness of GST, card charges, and pension rules ensures smooth financial management from abroad.
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