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NISM Series XIII route for Specialised Investment Fund (SIF) distribution eligibility closes; NISM Series V-D is now the sole entry path
NOTIFIED & EFFECTIVE
Source: SEBI Master Circular for Mutual Funds, Para 21.10.3 (SEBI circular dated 21 July 2026); the NISM Series XIII pathway ceased on 21 September 2026
Why it matters: If you invest in a SIF, no action is needed on your existing holding — this only governs who is newly eligible to sell you one. If you’re evaluating a new SIF distributor, you can now check they hold a valid NISM Series V-D certification (or a Series XIII obtained on or before 21 Sept 2026, valid until it expires).
Note: This is a distributor-certification change, not a change to SIF products or your holdings — included because the 21 Sept cutoff was one of our own pre-flagged triggers to watch this cycle.
Central government pensioners and employees to get September pension/salary credited early, on 25 September, ahead of a proposed nationwide bank strike
NOTIFIED & EFFECTIVE
Source: Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance — Order No. 416 dated 23 September 2026
Why it matters: If you’re a central government pensioner, your September pension should already be credited (25 Sept) instead of at month-end — this is an advance against October’s payment, not extra money. It’s precautionary: the United Forum of Bank Unions has called a 3-day nationwide strike (28–30 Sept) at public-sector banks and RRBs. Private banks (HDFC, ICICI, Axis, etc.) are expected to stay open, but finish any essential PSU-bank branch work before Monday 28th regardless.
Fake Gazette notification claiming a 9-bank PSU merger (into SBI, PNB, Bank of Baroda) debunked by PIB Fact Check
CONFIRMED FAKE — PIB FACT CHECK
Source: PIB Fact Check (@PIBFactCheck), 16 September 2026 — confirms no such notification was issued by the Finance Ministry (@FinMinIndia)
Why it matters: If you see a “gazette notification” about a bank merger, rate change, or scheme circulating on WhatsApp or social media, do not act on it — verify only via the bank’s official site, RBI/SEBI, or PIB Fact Check before believing or forwarding it.
PFRDA issues Operational Guidelines for NPS Swasthya, linking NPS savings to a health insurance policy
NOTIFIED & EFFECTIVE
Source: PFRDA circular dated 18 September 2026 — Operational Guidelines for NPS Swasthya under the National Pension System (NPS), 2026
Why it matters: Any NPS subscriber (entry age 18–70, renewable to 85) can now enrol: it pairs an NPS Swasthya account with a mandatory super top-up health policy, letting you withdraw up to 25% of your NPS Swasthya contributions for eligible hospital/OPD expenses, paid directly to the hospital rather than to you.
