Wire · operational-macro
Big Changes From October 1: SBI ATM Charges, UPI Payments, NPS & LPG Rules Updated
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Fusion42 · 30 September 2026 · Fusion42 review
From October 1 in India, SBI lowers free ATM transactions for salary account holders from 10 to 5 with charges thereafter; RBI mandates daily disclosure of bulk fixed deposit rates; MDR charges apply on UPI payments above ₹2,000 from October 15; NPS Lite account opening fees increase by ₹200; LPG subsidies require biometric Aadhaar authentication.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face immediate costs on SBI ATM fees and certain UPI payment merchants face charges above ₹2,000, shifting payment behaviour and revenue flows. This opens new customer pain points for digital wallet and payment service founders targeting Indian consumers.
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1 source · 29 Sep 2026
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