Many major changes are set to take place from October 1st. Whether it’s train travel, mobile payments, pension investments, or online gaming. All of these changes can directly impact your daily life. You must be aware of these crucial changes so you can stay updated in the financial and digital world. Let’s find out what’s changing this October.
The Biggest Change in NPS
The National Pension System (NPS) is about to undergo a major reform. The Pension Fund Regulatory and Development Authority (PFRDA) has named it the Multiple Scheme Framework (MSF). This unprecedented change will become effective from October 1st, 2025. Now, non-government employees, corporate professionals, and gig workers will be able to invest in multiple schemes with a single PAN number.
Previously, it was possible to invest in only one scheme with a single PAN number in NPS. However, under MSF, you can now choose from multiple schemes based on your convenience and risk appetite. Investors seeking safe options can choose balanced or debt schemes, and those seeking higher returns can invest in 100% equity-based schemes. This change will enable NPS investors to manage their pension plans in a smart, flexible, and return-oriented manner.
Repo rate expected to decrease, EMIs to decrease
The Reserve Bank’s Monetary Policy Committee will meet in early October to announce the repo rate and other financial decisions. Experts believe that this time the repo rate may be reduced by 0.25%. If this happens, interest rates on home loans and car loans may decrease. This will also reduce your monthly EMI, making loan repayment easier. RBI Governor Sanjay Malhotra will announce this on October 1, 2025.
Transparency in train ticket booking and a crackdown on agents
IRCTC has decided to implement new rules for train ticket booking from October 1. Now, the first 15 minutes of booking will only be available to passengers whose accounts are Aadhaar-verified. This will make booking tickets easier for ordinary travelers and will strictly curb the arbitrariness of brokers and ticket agents.
Major Changes in Digital Payments and Pensions
To prevent fraud in UPI, NPCI has decided to discontinue the “Collect Request” or pull transaction feature. This aims to protect users from online fraud and phishing, and to make digital transactions more secure.
Major changes are also coming for PF account holders in October 2025. The minimum pension may increase to ₹1,500–₹2,500. The EPFO is launching a new digital service, “EPFO 3.0,” which will make services smarter and faster.
Crackdown on Online Gaming and Changes in LPG Rates
The government has decided to strictly monitor online gaming companies. These new rules will come into effect after the President’s approval, protecting players from fraud. The gaming industry will become more transparent and secure, and companies will be required to strictly adhere to regulations.
In addition, LPG cylinder prices may change again from October 1, 2025. Despite the recent reduction in domestic LPG rates, families should keep an eye on LPG rate updates in October.