New banking rules that have come into effect from April 2025, India-wide. The changes are part of efforts to enhance security, encourage online banking and digitised payments, and make customer transactions smoother and more efficient.
ATM Withdrawals Now Limited
Now you can have only three free ATM transactions a month from other banks’ ATMs. After that, each additional withdrawal will be charged ₹20 to ₹25. This is aimed at reducing cash handling and encouraging digital transactions, especially in the cities.
Minimum Balance Based on Location
Depending on where your account is held, banks have started imposing various minimum balance requirements. Urban customers also have to maintain a balance more than those living in rural or semi-urban parts of the country. If there is a shortfall from the minimum, a penalty shall be imposed.
Positive Pay System for Cheques
Positive Pay System is now mandatory for cheques with the value more than ₹5,000 to curb cheque frauds. You need to verify the cheque number, date, payee name and amount before the bank clears it. This added step reduces the likelihood of errors and unauthorized payments.
Digital Banking Gets Safer
Banks are making their mobile apps and websites more secure. The two-factor authentication and biometric login are increasingly popular. AI-based chatbots are also being implanted to provide customers with instant answers or support.
UPI Linked to Active Mobile Numbers
Your UPI ID will be deactivated if your mobile number associated with UPI remains inactive for long. To continue using UPI services, keep your registered mobile number in working condition. This rule is in place to prevent abuse and to keep your account secure.
Changes in Interest Rates
Some banks have also tinkered with savings and fixed deposit interest rates. While some have slashed rates on account of repo rate cuts by RBI, others are offering better returns to lure new customers. Comparing rates is good before investing.
Final Thoughts
2025’s bank rules new banking rules in 2025 set out to make banking Safer, fairer and more user friendly. And while not all the overhauls are easy to absorb, they are meant to ensure your cash is kept safe and to enhance your banking life. Keeping up to date will enable you to make better financial decisions in this shifting environment.
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