New Bank Rules From 1st April 2025: ATM Fees, Minimum Balance Among 5 Key Changes

Jyoti — Tue, 25 Mar 2025 06:00:53 +0000

Banking Customers New Rules: Many new banking rules are going to change from 1 April 2025. Like what should be the minimum balance in the account. This may vary depending on the type of account and geographical location such as urban, semi-urban or rural.

Many new banking rules are being implemented by the Reserve Bank of India from April 1, 2025. So that the banking system can be made more strong, secure, easy for customers, and transparent. These new rules will affect the account holders of many public sector banks like SBI, PNB, Canara, HDFC.

Know what changes are happening in the top 5 rules related to SBI, PNB, Canara and other banks

1. Minimum balance requirements

Minimum balance policies are being updated in other banks like SBI, Canara Bank, PNB Bank.
From April 1, a higher minimum balance will have to be maintained in the savings account than before.
The minimum balance required in the account may vary depending on the type of account and geographical location like urban, semi-urban or rural.
If customers succeed in doing so, they may face penalties.

2. ATM withdrawal charges will be revised

ATM transaction policies are also going to change from April 1.
Higher fees may be levied for exceeding the prescribed number of free transactions.
The number of free transactions will be reduced when using ATMs of other banks.
Withdrawals beyond the number of free transactions will attract higher charges.
Currently, many banks provide the benefit of free ATM withdrawals three to five times a month at their ATMs.
Apart from this, withdrawal from ATMs of other banks can be done three times in a month.
If this is done more than this, an additional charge of 20 to 25 rupees may be levied.

3. Changes in interest rates

Public sector banks have revised the interest rates on savings accounts and fixed deposits.
Interest rates on savings accounts will now be charged at different percentages depending on the account balance.
To attract more long term investments, interest rates on fixed deposits have also been changed.

4. Expansion of digital banking facilities

To bring about digital revolution, banks are upgrading the online and mobile banking services being provided to the customers.
Many banks are using AI chatbots to answer customer queries.
To make digital transactions more secure, features like biometric authentication and two-factor verification are being strengthened.
Many new features will be added to online and mobile banking from April 1.

5. Introduction of Positive Pay System

To increase the security of transactions, Positive Pay System is being introduced, in which cheque will be mandatory for payments above Rs 50,000.
In this, customers will have to verify the check details before making the deposit, which can reduce the risk of fraud and errors.
There is more transparency in payments made through cheques.

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