There are changes in the banking sector from time to time to provide better services to customers and make the financial system more secure and transparent. In this sequence, some important rules of banking are going to change from 17 April 2025. These changes can have a direct impact on your daily banking experience and financial plans. If you understand these new rules and prepare in advance, then you can avoid any financial loss.
In this article, we will tell you in detail which banking rules are going to change, what effect they will have on you, and how you can protect them from them.
Main banking rules
1. Minimum balance rule
Now it will be mandatory to maintain minimum balance in savings accounts. Different banks have increased the limit of their minimum balance, which will vary depending on the type of account and the area (urban, semi-urban, rural). If the prescribed minimum balance is not kept in the account, the bank would collect a fine.
- Urban Area: Minimum balance up to ₹ 5000
- Rural Area: Minimum balance up to ₹ 2000
2. Change in ATM withdrawal fee
The rules for withdrawing money from ATMs from April 17 will also change. Now free withdrawal will be allowed only three times a month from the ATM of another bank. After this, every transaction will be charged with a fee of ₹ 20- ₹ 25.
- Earlier 5 free transactions were available, which are now reduced to 3.
- Mini statements and balance checks will also be charged ₹ 7 per transaction fee.
3. Positive Pay System
On payment of checks of ₹ 5000 or more, customers will have to inform the bank in advance. It will include the check number, date, amount and the name of the beneficiary. This system is being applied to prevent fraud and make transactions safe.
4. Strictness on UPI accounts
Inactive UPI accounts will be closed to make UPI transactions safe. If there is an old or closed mobile number link from your bank account, it is necessary to update it immediately. Not doing so may cause problems in UPI transactions.
5. Changes in interest rates on savings account and FD
Many large banks have amended the interest rates of savings accounts and fixed deposits (FD). Now the interest rates will be fixed on the basis of deposit. Customers who have more balance in their account can get better interest rates.
Brief description of changes
| Name of change | Impact/information |
| Minimum balance rule | Urban Area: ₹ 5000; Rural Area: ₹ 2000 |
| ATM withdrawal fee | Free transaction limit reduced to 3 times; Fee: ₹ 20- ₹ 25 |
| Positive pay system | Information on check payment of ₹ 5000 or more mandatory |
| Upi accounts | Close inactive accounts; Mobile number update required |
| Savings account and fd interest rates | Interest rates fixed on the basis of deposit amount |
These changes have an impact on your pocket
These new rules will directly affect your financial status and banking experience:
- If you do not have a minimum balance in your account, you may have to pay a fine.
- Customers who withdraw money from repeated ATMs will have to pay additional fees.
- The implementation of positive pay system will make the check payment more secure.
- Digital transactions may be affected by the closure of UPI accounts.
- Changing the interest rates of FD and savings accounts will affect your investment plans.
How to prepare these changes?
By following these rules you can avoid financial loss:
- Maintain enough balance in your savings account.
- Plan ATM transactions so that additional fees do not have to be paid.
- Use positive pay systems before making check payment.
- Keep your UPI accounts active and update the mobile number.
- Invest by knowing the new interest rates of FD and savings accounts.
Disclaimer
This article has been written only with the aim of raising awareness. All details are based on the official announcements released by banks. Please get accurate information by contacting your bank and ensure all the rules.
conclusion
These new banking rules, which come into force from 17 April 2025, can affect your financial life. By understanding these changes, you can not only avoid financial loss, but can also manage your financial plans better. Always know about the policies and facilities of your bank so that unnecessary problems can be avoided.
