Skip to content
StudyToper
  • Home
  • Latest Update
  • latest govt jobs
  • Results
  • Admission
  • Admit Card
  • Answer key
  • Syllabus
Big change in banking! Rules strict from 1 April, can this mistake cost expensive? Bank Account New Rules 2025 – StudyToper

Big change in banking! Rules strict from 1 April, can this mistake cost expensive? Bank Account New Rules 2025 – StudyToper

April 5, 2025 by Rahul NK


There are going to be major changes in the banking sector in India. Many new rules will be applicable from 1 April 2025 that will affect your bank account and financial transactions. The purpose of these rules is to make the banking system more secure, transparent and efficient.

One of these new rules is an important rule that belongs to inactive and zero balance accounts. The question is arising in the minds of many people, whether the entire money will be seized after making a really mistake? In this article, we will know in detail about this new rule and understand what effect it will have on you.

Table of Contents

Toggle
  • Details of new bank account rules
  • New rules on passive accounts
  • New rules on zero balance accounts
  • Will the entire money be seized really?
  • How to avoid closing bank account?
  • Other important banking rules that will be applicable from 1 April 2025
    • UPI transaction changes
    • New fee on ATM withdrawal
    • Changes in credit card rules
    • Digital transactions limit
    • Minimum balance rule

Details of new bank account rules

The Reserve Bank of India (RBI) has decided to make some significant changes in the operation of bank accounts since 1 April 2025. The main focus of these rules has been on inactive accounts, zero balance accounts and long unused accounts. Let’s know in detail about these new rules:

See also  Odisha Police Constable Answer Key 2024, Response Sheet PDF
Description Acquaintance
Date of implementation 1 April 2025
Affected accounts Inactive, dominees and zero balance accounts
Direct account period More than 12 months
Dorament account period Over 24 months
Minimum balance Bank and account type
KYC update Compulsory every 2 years
Re -activation process KYC updates and transactions
charge No fee for re -activation of account

New rules on passive accounts

According to the new RBI rules, accounts will be considered inactive if there is no transaction for 12 months or more. These accounts will have the following effects:

  • Account will automatically freeze
  • Debit card and net banking facility will be closed
  • Check book will not be released
  • No transaction in the account will be possible

Customers have to take the following steps to reactivate passive accounts:

  1. Update your KYC documents
  2. Filling a form by going to bank branch
  3. At least one transaction in account

It is important to note that no fee will be charged for re -activating the account.

New rules on zero balance accounts

Long -term zero balance accounts can also be discontinued under the new rules of RBI. Its purpose is to prevent misuse of such accounts. The following action can be taken on accounts with zero balance:

  • The account will be warned to close
  • Time will be given to maintain minimum balance
  • The account will be closed after the deadline
See also  SCERT Deleded Application Form 2025, Apply online @scertdelhi.admissions.nic.in

Customers are advised to maintain minimum balance in their accounts and keep doing regular transactions.

Will the entire money be seized really?

It is a misconception that the entire money will be confiscated if made under the new rules. The reality is that:

  • The money present in the inactive or zero balance accounts will not be seized
  • In the event of an account closure, the bank will inform the customer and give the option to return the money
  • If the customer does not withdraw the money, that amount will be transferred to the Depositor Education and Awareness Fund
  • Customer can claim this money later

How to avoid closing bank account?

The following measures can be taken to keep your bank account active after the new RBI rules are implemented:

  • Do at least one transaction every 3-4 months
  • Maintain minimum balance in account
  • Regular use of net banking or mobile banking
  • Keep updating your KYC documents from time to time
  • Focus on notices and messages sent by the bank

By taking these precautions, you can keep your bank account active and avoid the impact of new rules.

Other important banking rules that will be applicable from 1 April 2025

With the beginning of the new financial year, many other banking rules are also going to change. These changes will affect your daily banking activities. Let’s take a look at these major changes:

See also  SCERT Deleded Application Form 2025, Apply online @scertdelhi.admissions.nic.in

UPI transaction changes

The National Payments Corporation of India (NPCI) has issued new rules for UPI transactions:

  • UPI accounts related to inactive mobile numbers will be closed for a long time
  • Customers have to link new and active mobile number from their bank account
  • This change has been made to increase the security of UPI transactions

New fee on ATM withdrawal

RBI has also changed the rules to withdraw money from ATM:

  • The number of free transactions will be 5 (from the ATM of your bank) and 3 (from the second bank’s ATM)
  • After this, a fee of Rs 23 per transaction will be charged (earlier it was Rs 21)
  • This new rule will be applicable from 1 May 2025

Changes in credit card rules

Some banks have made changes in their credit card rules:

  • SBI has reduced reward points on some popular credit cards
  • Some banks have increased the annual fee of credit cards
  • New rules will be applicable on Rupay Credit Card for London Access

Digital transactions limit

RBI has also changed the range of digital transactions:

  • Maximum digital transaction limit has been fixed at Rs 10 lakh per day
  • This border has been implemented for security reasons
  • Large transactions will require additional authentication

Minimum balance rule

Various banks have made changes in their minimum balance rules:

  • Minimum balance in rural areas has been fixed at Rs 2,000
  • Minimum balance in urban areas will have to be kept at Rs 5,000
  • Some banks have removed the requirement of minimum balance for basic savings account

Disclaimer:

Information about the new bank account rules given in this article has been presented only for the purpose of increasing awareness and understanding. The matter of “seizing the entire money” is a misconception. The reality is that the money of inactive or zero balance accounts is not confiscated, but the customer is given the option to withdraw it. Please get accurate information by contacting your bank and ensure all the rules.

Rate this post
Categories government schemes, Govt schemes, LATEST UPDATE Tags account, April, Bank, Bank account new rule 2025, Banking, Big, change, Cost, expensive, mistake, Rules, strict, studytoper.in
Bihar bed preparation 2025, online study tips and strategies
Senior Citizen Card 2025: Who can apply and what are the benefits? Senior Citizen Card 2025 Apply Online – StudyToper
Rahul NK

I am passionate writer with over five years of experience covering the latest job updates, educational content, news, and insightful blogs aimed at empowering readers with valuable information.

Contact Us
Sharing Is Caring:

Latest Posts

  • MPMP
  • Bihar ITI CAT 2025 Result With Rank Card | Bihar ITI ResultBihar ITI CAT 2025 Result With Rank Card | Bihar ITI Result
  • Application for Madhya Pradesh Regional Science Center Recruitment, Creation and Craft: MP Regional Science Center BhartiApplication for Madhya Pradesh Regional Science Center Recruitment, Creation and Craft: MP Regional Science Center Bharti
  • Mahadiscom Aee Recruitment 2025 Notification for 180 postsMahadiscom Aee Recruitment 2025 Notification for 180 posts
  • DDA Executive Engineer Recruitment 2025 35 notification for different postsDDA Executive Engineer Recruitment 2025 35 notification for different posts
  • DFCCIL City INTIMATION Slip 2025 Out, Direct Link to Downing on DFCCIL.comDFCCIL City INTIMATION Slip 2025 Out, Direct Link to Downing on DFCCIL.com
  • MP GOST Teacher Bharti School Cheyan 2025 | The guest process of Madhya Pradesh teacher recalls reference applications.MP GOST Teacher Bharti School Cheyan 2025 | The guest process of Madhya Pradesh teacher recalls reference applications.
  • SSC GD Constable 2025 Result: SSC GD Result Points releasedSSC GD Constable 2025 Result: SSC GD Result Points released
  • MPTranSco Recruitment 2025 633 notification for ITI PostMPTranSco Recruitment 2025 633 notification for ITI Post
  • What is life after clearing SSC JE exam?What is life after clearing SSC JE exam?
studytoper logo

This Blog is related to Sarkari Jobs Alert, Education News, Study Related Materials, Reviews, WordPress, Make Money Online, News and Technology e

Categories

  • Latest Updates
  • Educational News
  • Latest Jobs
  • Admit Card
  • Syllabus
  • Admission

Quick Links

  • MPPSC
  • UPSC
  • ESB
  • SSC
  • RAILWAY
  • Banking

Useful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Term & Conditions
  • DMCA
©2022-2024 StudyToper