There are many significant changes in the financial and banking sector in early April every year. This time is not only a symbol of the beginning of the new financial year, but also to implement many new policies and rules. Since 1 April 2025, major changes have been made in bank loans, PF, tax and other financial rules in India. These changes can have a direct impact on the pocket and lifestyle of the common man.
In this article, we will discuss in detail what changes have been made in the rules of bank loans and PF, as well as other major financial rules. This information can be very useful for you so that you can make your financial plan according to these changes.
Chief rules changing from 1 April
New rules of bank loan
Since 1 April 2025, several rules related to bank loan have been changed. These include the interest rate, home loan limit and new criteria of priority sector lending.
- Impact on repo rate: The Monetary Policy Committee of the Reserve Bank has decided on interest rates, which can reduce the EMI of home loan.
- Point Sector Landing: In big cities, up to Rs 50 lakh, medium-size in cities up to Rs 45 lakh, and up to Rs 35 lakh in small cities will now be available under priority sector loan.
- Credit Card Reward: Credit card users will face changes in the rules of reward points.
New rules of PF (Provident Fund)
Important changes have also been made in the rules related to PF:
- Tax on interest rate: Tax-free limit of interest on PF has been fixed. Now interest will be tax free only to a certain extent.
- NPS (National Pension Scheme): The deduction limit of employer contribution for NPS in the new tax system has been increased from 10% to 14%.
Positive pay system to stop banking fraud
Positive pay systems have been implemented to prevent bank fraud. Under this system:
- Check Verification: For payment of check paying more than ₹ 50,000, the account holder will have to give details of the check to the bank electronically.
- This process will help prevent fraud and make transactions safe.
ATM Transaction and Minimum Balance
ATM Transaction Fee
ATM transaction fee and withdrawal limit has been changed since 1 April 2025:
- Each additional withdrawal will be charged additional fees.
- Customers will have to plan cash withdrawal in advance.
Minimum balance rule
SBI, Punjab National Bank, and other banks have updated their minimum balance rules:
- Now this balance will depend on the fact that your account is in urban, semi-urban or rural area.
- Penalty may have to be paid for not maintaining the prescribed balance.
New tax slabs and discounts
Income tax
New tax slab declared by Finance Minister Nirmala Sitharaman:
- There will be no income tax on annual income of up to ₹ 12 lakh.
- Salative employees will get standard deduction of ₹ 75,000.
TDS (tax deducted at source)
The TDS limit on fixed deposits (FD) has been increased from ₹ 40,000 to ₹ 50,000. The interest limit to senior citizens has been doubled to ₹ 1 lakh annually.
PAN-Aadhaar linking mandatory
If you have not linked your PAN card to Aadhaar:
- You will not get dividend income.
- There will be no credit in Form 26AS.
- TDS will also increase.
Summary of main changes
| Rule | Change |
| Repo rate | The home loan EMI can be reduced due to low interest rate. |
| Priority sector lending | City based home loan limit fixed. |
| PF interest | Tax-free limit set. |
| Positive pay system | More than ₹ 50,000 check verification mandatory. |
| ATM Transaction Fee | Applicable fee on additional withdrawal. |
| Income tax | Tax exemption on income up to ₹ 12 lakh. |
| TDS | The TDS limit on FD was increased. |
| Pan-Aadhaar Linking | Dividend and TDS will be affected if the link is not linked. |
These changes have an impact on your financial plan
These changes will directly affect your financial plan:
- You have to update your savings and investment plans according to the new rules.
- Digital payments will have to be given priority as ATM transaction fee increases.
- The middle class will get relief from income tax exemption.
- Financial losses may occur if there is no PAN-Aadhaar linking.
conclusion
These changes, which came into force from 1 April 2025, have been made aimed at improving the financial system of Indian citizens. However, their effect will depend on the position and utility of every person.
Rejuvenation
This article is written only for the purpose of providing information. All details are based on government announcements and reliable sources. Please seek specialist advice before taking any financial decision.
