Government to Implement Major Changes from October 1: Cheaper Loans, UPI Security, and Railway Booking Priority

From October 1, 2025, expect lower loan rates, improved UPI security with discontinued collect requests, and railway ticket booking priority for Aadhaar-verified passengers—key changes impacting daily life and expenses for the common man.

New Delhi: Next month, October 1st, 2025, will see several new rules come into effect that will directly impact your daily life and expenses. Changes will be seen in banking, digital payments, railway ticket bookings, and domestic gas cylinder prices. Let's understand these changes in simple terms and how they will affect you.

RBI Repo Rate May Be Cut

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will meet in early October. Experts believe that the RBI may reduce the repo rate by 0.25 percent at this meeting.

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The repo rate is the interest rate at which the RBI lends money to banks. When the repo rate is low, banks also offer loans to the public at cheaper rates. This means that the interest on your home loan, car loan, or personal loan may decrease, and your EMIs may also decrease. This will provide relief to your monthly expenses.

Major Change in UPI

The National Payments Corporation of India (NPCI) has decided to discontinue the Collect Request or Pull Transaction feature of UPI from October 1st. This feature allowed users to request money from friends or family, such as "Request Money."

This feature will now be discontinued, but other UPI payments, such as sending money or paying bills, will continue as before. NPCI states that this change is being made to further strengthen the security of UPI to prevent fraudulent solicitations or fraudulent transactions.

New Rules for Railway Ticket Booking

A major change is also coming to railway ticket booking. Now, passengers who have verified their Aadhaar number will receive special priority in ticket booking. Such passengers will be able to book tickets 15 minutes before the booking date opens.

For example, if train reservations open at 10 am, Aadhaar-verified passengers will be able to book tickets starting at 9:45 am. This will benefit passengers with Aadhaar verification by allowing them to receive tickets first.

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These changes, effective October 1, will directly impact the lives of the common man. The repo rate cut will make borrowing cheaper, improve the security of UPI, and prioritize Aadhaar-verified individuals when booking railway tickets. Therefore, it's important to understand these rules and prepare accordingly to take advantage of these new changes.