October Money Changes: UPI MDR, NPS Charges, FD Rules & Tax Deadlines Explained

October brings several important financial changes for taxpayers, investors, NPS subscribers and UPI users. From October 1, new rules for bulk fixed deposits and revised NPS charges come into effect. The RBI’s Monetary Policy Committee will also meet from October 5 to 7 to decide on the repo rate. From October 15, a 0.4% MDR will apply to specified person-to-merchant UPI transactions above ₹2,000, subject to a ₹300 cap for larger transactions. Meanwhile, tax audit and ITR filing deadlines have been extended. Here’s a quick look at the five key financial changes you should know about this October.