What changed in Indian money
Each new rule, rate and data release that matters to a family with ₹50 lakh to ₹25 crore invested, their CA or their adviser. Two lines each, and the official source.
Oct 16, 2026
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Several gold fund-of-funds stop taking new money
Fund houses including Kotak, UTI and HDFC paused new lump sums and new SIP registrations in their gold fund-of-funds. Existing SIPs and redemptions continue.
Gold ETFs still trade on the exchange for anyone with a demat account. Each fund house’s notice sets the exact terms, and the pause may change.
Oct 15, 2026
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Gold imports fall 27% in April to September
Commerce Ministry data put gold imports at $19.27 billion for April to September 2026, against $26.51 billion a year earlier. Customs duty on gold and silver rose from 6% to 15% on 13 May 2026.
The figures run to September, so Dhanteras and Diwali buying are not in them yet.
Oct 12, 2026
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Retail inflation rises to 5.54% in September
MoSPI’s provisional CPI for September 2026 shows retail inflation at 5.54%, up from 4.83% in August. Food inflation rose to 7.74% from 5.97%.
A 7% FD taxed at the 30% slab keeps about 4.9%, below September’s 5.54%. The next CPI release is due on 12 November.
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New Portfolio Managers Regulations add PRIM, a ₹25 lakh route into direct funds
From 1 April 2027 a portfolio manager can offer PRIM, which invests only in direct plans of mutual funds, index funds, ETFs and SIFs. The minimum is ₹25 lakh per client; an ordinary PMS stays at ₹50 lakh.
SEBI’s board said in September the fixed fee would be capped at 1% of the client’s assets, with performance fees allowed; the notified regulations leave the fee terms to a later SEBI circular.
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September flows: record SIPs, debt outflows
SIPs brought in ₹32,490 crore in September, a record. Equity funds took in a net ₹38,306.55 crore while debt funds saw net outflows of ₹1,83,155.76 crore, and gold ETFs drew ₹4,450.61 crore.
Industry assets fell to ₹82.64 lakh crore from ₹87.08 lakh crore, mostly from quarter-end debt withdrawals rather than equity selling.
Oct 7, 2026
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Repo rate up 0.25 point to 5.50%
The Monetary Policy Committee raised the repo rate from 5.25% to 5.50%, its first rise in nearly four years, and moved its stance to calibrated tightening.
Floating-rate loans linked to the repo move up; on ₹1 crore over 20 years at 8%, a 0.25 point rise adds about ₹1,563 to the EMI. Debt fund prices fall when yields rise.
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Bank deposits are coming to your CAS
NSDL and CDSL will be able to add bank deposit accounts to the consolidated account statement through account aggregators, which will also have to work with each other.
Both are expected by 31 December 2026, which would put demat holdings, mutual funds and bank balances on one statement.
Oct 1, 2026
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New deposit interest rules take effect
Banks must now pay the same rate at every branch for similar deposits taken on the same day, publish their deposit rate schedules in advance, and post bulk deposit rates on their websites by 10 am every business day.
The rules don’t raise or cut FD rates. For large balances, the daily bulk-deposit rate is now public and comparable across banks.
Sep 30, 2026
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Small savings rates unchanged for October to December
PPF stays at 7.1%, Senior Citizens Savings Scheme 8.2%, Sukanya Samriddhi 8.2%, NSC 7.7%, Kisan Vikas Patra 7.5% (115 months) and the 5-year post office time deposit 7.5%, from 1 October 2026.
Existing balances are unaffected. The next reset is due at the end of December.
Sep 28, 2026
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ITR deadline for audit cases moves to 21 November
The CBDT extended the AY 2026-27 return due date for taxpayers whose accounts need an audit from 31 October to 21 November 2026, and the tax audit report from 30 September to 21 October 2026.
This covers business owners and professionals under audit, not salaried individuals. The audit report is due on 21 October.
Sep 24, 2026
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SEBI board approves new PMS rules, including PRIM
PRIM managers may invest only in direct plans of mutual funds, ETFs, index funds and SIFs, from ₹25 lakh, with the fixed fee capped at 1% of assets and performance fees allowed. Ordinary PMS gets IPOs, up to 10% in unlisted investment-grade debt, derivatives up to 1.25 times assets and foreign securities under LRS.
Advisers who distribute funds must keep those clients separate from PRIM clients, except accredited investors. The notified regulations followed on 12 October.
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Accredited investor status on ₹5 crore of market holdings
Individuals, HUFs and family trusts can be accredited on at least ₹5 crore of securities market exposure; companies and other trusts need ₹20 crore. AIF managers, SIF fund houses and PMS firms can accredit investors themselves, valid for 3 years. Non-residents count as accredited.
Accredited status opens products with lower minimums and lighter rules, and fewer investor protections. These are board approvals; the amended rules and circular are still to come.
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REIT and InvIT votes now count votes cast
Some unitholder approvals move from 75% of all units to 75% of votes cast, and only holders who vote against count as dissenting. Depository receipts on REIT and InvIT units are allowed, first in GIFT City.
In a sponsor change, a unitholder who doesn’t vote no longer gets the exit option; only a vote against does.
Sep 22, 2026
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Buying property from an NRI: TDS with your PAN, no TAN
From 1 October 2026 a resident individual or HUF buying property from a non-resident deposits and reports the TDS on Form 141 with their PAN (G.S.R. 830(E)). Form 141 asks for the seller’s tax residency certificate and foreign tax ID. The TDS rate is unchanged.
One property deal no longer needs a TAN registration. Your CA will need the seller’s residency certificate and foreign tax ID before the payment.
Sep 21, 2026
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Floating Rate Bond 2033 pays 6.87% for the next six months
The coupon on the Government of India FRB 2033 resets to 6.87% for 22 September 2026 to 21 March 2027: the average 182-day T-bill yield plus a fixed 1.22%.
Holders through a demat or RBI Retail Direct account get this rate for the half-year.
Sep 15, 2026
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August gold imports fall 58% to $2.3 billion
Gold imports were $2,298 million in August 2026, against $5,439 million a year earlier. Silver imports rose 127% to $1,026 million.
August was the fourth full month at the 15% customs duty, up from 6% on 13 May 2026.
Sep 14, 2026
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Retail inflation rises to 4.82% in August
MoSPI’s provisional CPI for August 2026 was 4.82%, up from 4.45% in July; food inflation was 5.95%. The final August figure, released on 12 October, is 4.83%.
A 7% FD taxed at the 30% slab keeps about 4.9%, roughly level with August inflation.
Sep 11, 2026
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Draft rules for debit holds on accounts linked to fraud
RBI’s draft KYC amendment, following a Supreme Court order of 4 August, sets a procedure for banks to place temporary debit holds on amounts or accounts linked to money-mule activity and cyber fraud. Comments closed on 2 October.
Once final, an account that receives money tied to a fraud complaint could be partly frozen while the bank checks. This is a draft, not yet in force.
Sep 10, 2026
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August flows: record SIPs, money into SIFs and gold
SIPs brought in ₹32,297 crore, a record, from 10.02 crore SIP accounts. Equity funds took in a net ₹29,329 crore, gold ETFs ₹2,597 crore, silver ETFs ₹1,271 crore and SIFs ₹7,699 crore; debt funds saw ₹8,127 crore go out.
Industry assets reached ₹87.08 lakh crore, and SIF assets ₹31,175 crore.
Sep 7, 2026
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Older angel funds get until 31 March 2027 to go accredited-only
Angel funds registered on or before 10 September 2025 had until 8 September 2026 to take only accredited investors. The deadline is now 31 March 2027; until then they can offer deals to at most 200 non-accredited investors.
A family that isn’t accredited can keep investing through such funds until March.
Sep 4, 2026
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Early redemption prices for Sovereign Gold Bonds
RBI set early redemption prices for SGB series falling due in September, from IBJA’s 999 gold price over the three business days before: ₹15,334 a unit for 2021-22 Series VI (7 September) and ₹15,328 for 2019-20 Series X (11 September).
Early redemption is allowed only on interest dates after the fifth year. Each series gets its own price notice.
Sep 1, 2026
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Normal rate ceilings return on long NRI deposits
RBI had lifted the interest rate ceilings on fresh NRE deposits of 3 years and more and FCNR(B) deposits of 3 to 5 years from 17 June. An amendment of 25 August ended that on 31 August, a month earlier than the 30 September first announced.
Deposits taken or renewed by 31 August keep their rates; new ones are back under the ceilings.
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Nominees capped at 3 per demat account and fund folio
SEBI’s circular of 29 May 2026 came into force: up to 3 nominees, down from the 10 allowed under the January 2025 circular. Nomination is the default for single holders and optional for joint accounts.
The rules apply to existing accounts too. Statements now show the nominees’ names or a plain Yes/No.
Summaries of official releases and reports of them; follow the source before acting. Compound is analysis, not investment advice. Reva Money is not a SEBI-registered investment adviser.