Money changes from November 1, 2026: Key deadlines and updates that may affect your pocket
By CNBCTV18.com October 30, 2026, 12:35:54 AM IST (Published)
November 2026 brings several money-related deadlines and updates, from pension life certificates and income tax returns to GST rules and mutual fund i…
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Pensioners Must Submit Life Certificates | Government pensioners need to submit their annual life certificates by November 30 to ensure their pension payments continue without interruption. Pensioners aged 80 and above could begin submitting their certificates from October 1, while other pensioners can do so from November 1. The certificate can be submitted at a bank branch, digitally through the Jeevan Pramaan facility using Aadhaar authentication, or through the postal department’s doorstep service, where available. Failure to submit the certificate by the deadline may lead to a temporary interruption in pension payments. (Image: Canva)
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Extended ITR Deadline for Audited Taxpayers | The deadline for filing income tax returns for certain taxpayers whose accounts require an audit has been extended from October 31 to November 21 for Assessment Year 2026-27. The extension applies to eligible businesses, professionals, firms and other entities covered by the relevant audit requirements. It does not apply to all taxpayers. For individuals filing ITR-1 or ITR-2, the regular deadline has already passed. Eligible taxpayers who missed it can generally file a belated return by December 31, subject to applicable rules and late fees. (Image: Canva)
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GST Rules to Change From November 1 | The government is set to introduce changes to certain Goods and Services Tax (GST) rules from November 1, according to a notification dated October 26. As reported by Reuters, the changes concern the treatment of post-sale discounts and faster provisional refunds for businesses facing inverted duty structures. The measures were announced in the Union Budget for 2026-27.
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LPG Cylinder Prices Under Watch | Oil marketing companies generally review LPG cylinder prices at the beginning of each month. Any revision in commercial LPG rates could affect restaurants, hotels and other businesses that rely on cooking gas. As of October 29, no official announcement confirming a change in LPG prices for November 1 had been made. Consumers should check the latest rates announced by their LPG distributor before booking a refill. (Image: Canva)
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Direct Mutual Fund Plans to Become the Default Online Option | From November 1, direct mutual fund plans are set to become the default option on asset management companies’ digital platforms, according to SEBI Chairman Tuhin Kanta Pandey. Investors choosing regular plans must be informed about their higher expense ratios. Direct plans generally have lower expense ratios because they do not include distributor commissions, while regular plans involve distribution services.
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Keep an Eye on Fixed Deposit Rates | Banks may revise fixed deposit interest rates on selected tenures, but there is no guarantee that all banks will change their rates in November. Investors should check the latest rate charts before opening or renewing an FD. Compare the interest rate, deposit tenure, maturity amount and premature withdrawal conditions before deciding where to invest.
