November 2026 Money Rules: As soon as the new month of November starts, big changes related to money and tax are going to happen. This will have a direct impact on pensioners, taxpayers, mutual fund investors and businessmen. New rules regarding direct plans of mutual funds will be applicable from November 1. At the same time, pensioners will have to submit life certificate by the end of the month. Apart from this, there are changes in GST rules and new deadline for filing ITR for audited taxpayers. Let us know what is going to change this month. Here we are going to tell you one by one about 6 such big changes taking place in November.
1. Direct plan will be default in mutual fund
From November 1, direct plans of mutual funds will be the default option on the digital platforms of Asset Management Companies (AMCs). SEBI Chairman Tuhin Kanta Pandey gave this information in NDTV Profit Ignite. He told that if an investor chooses a regular plan, he will first be told about its higher expense ratio. This means that now while investing online, investors will get a chance to understand the difference in the expenses of Direct and Regular Plan.
2. Changes in GST rules from November 1
Some rules related to GST are going to change for businessmen also from November 1. The government had issued a notification regarding this on 26 October. The new changes include rules on post-sale rebates and a provision for speedy provision of provisional refunds to traders with inverted duty structures. The purpose of these changes is to simplify the GST related process for businessmen and improve their cash flow.
3. New deadline for ITR for audited taxpayers
Some taxpayers filing income tax returns have got relief. The Income Tax Department has extended the last date for filing ITR for audited taxpayers for assessment year 2026-27 from 31 October to 21 November 2026. In this, businessmen, professionals, firms and other institutions coming under the scope of prescribed audit rules will get relief. However, this exemption is not for all taxpayers. The regular deadline for common people to file ITR-1 and ITR-2 has already ended. Those who have missed the applicable deadline can file belated returns with late fees till December 31.
4. It is necessary for pensioners to submit life certificate by 30th November.
There is an important deadline for pensioners in the month of November. All pensioners will have to submit their annual life certificate by 30th November. This facility for pensioners aged 80 years and above started from October 1. Whereas, the remaining pensioners can submit their certificates from November 1. For this, you can go to the bank branch or submit digital life certificate (Jeevan Pramaan) through Aadhaar based authentication. Where the facility is available, you can also use the doorstep service of the post office. The government is starting a campaign to submit digital life certificates across the country from November 1, through which pensioners can submit life certificates sitting at home. Let us tell you that if the life certificate is not submitted by the deadline, the pension may get stuck.
5. FD interest rates may also change
If you are thinking of investing money in Fixed Deposit (FD), then definitely check that the new interest rates of different banks will be updated in November. Recently many banks have changed the interest rates on FD. Some banks may change FD rates in November also. However, the change in interest rate may differ from bank to bank and the tenure of the FD. Therefore, before investing, definitely check the latest interest rates of different banks.
6. There will be premature redemption of Sovereign Gold Bond
The month of November is also special for those investing in Sovereign Gold Bond (SGB). This month, there will be an opportunity for premature redemption in bonds of four series. In these, the redemption date of 2020-21 Series VII is 2 November, 2020-21 Series VIII is 18 November and 2020-21 Series II is 19 November. At the same time, investors of 2021-22 Series I will be able to make premature redemption on November 25.
Source: ndtv.in
