If you are an account holder in State Bank of India (SBI), Punjab National Bank (PNB), or Bank of Baroda (BOB), then it is very important for you to know that in 2025 these banks have made some significant changes in their rules. These changes will affect the rules of your fixed deposit (FD), Savings Account, and Personal Loan. It is very important for you to know about these rules so that you can improve your banking experience.
These changes include KYC Updates, New Fixed Deposit Schemes, and Interest Rate Changes. Apart from this, many new platforms and services have also been introduced to promote digital banking. By understanding these rules, you can make your banking more secure and convenient.
Banking Rules Updated 2025
In 2025, SBI, PNB, and BOB have made several significant changes to their customers. The following is the details of these changes:
| Change | Edge | main effect |
| New fixed deposit schemes | SBI, PNB, Bob | High interest rates and flexible investment options |
| KYC compliance update | Permission | Mandatory to update KYC details by 23 January 2025 |
| Interest rate update | SBI | 2.70%+ interest on savings accounts, minimum balance not required |
| Loan regulations | SBI | Strict rules for individual loans, to reduce default risk |
| Digital banking growth | SBI, PNB, Bob | Making online banking easier through mobile app |
| Safety measures | SBI, PNB, Bob | Transactions |
| New FD tenure | Permission | 7% interest for 303 days, 6.7% interest for 506 days |
| Flexible withdrawal options | BOB | Partial withdrawal facility in Bob Liquid FD |
New fixed deposit schemes
SBI, PNB, and BOB have launched new fixed deposit schemes for their customers. These schemes include high interest rates and flexible investment options.
- SBI Har Ghar Lakhpati RD Scheme: This scheme provides facility to deposit ₹ 1 lakh or more by investing in small amount.
- SBI Patrons FD: The scheme is for senior citizens above 80 years of age, with a regular senior citizen 0.10% more interest than FD.
- PNB New FD Tenures: PNB has offered 7% for 303 days and 6.7% interest rate for 506 days. Senior citizens get 7.25% interest on 400 days FD.
- Bob Liquid FD: BOB has launched a liquid FD scheme that features partial withdrawal, which does not require the entire FD to break and it is penalty free.
KYC updates
Punjab National Bank (PNB) has made it mandatory for its customers to update KYC (Know Your Customer) details. Customers will have to update their KYC details by 23 January 2025. If they do not do this, their account may be banned.
Interest rate updates
SBI has changed interest rates on its savings accounts. Now customers will get more than 2.70% interest without the need for minimum balance. This change is beneficial for customers as they will no longer have to worry about maintaining minimum balance.
Individual credit rules
SBI has implemented strict rules for individual loans to reduce the default risk. This change is important for the loan -taking customers as they will now have to follow the terms of the loan.
Digital banking reform
These banks have introduced many new platforms and services to promote digital banking. SBI has made online banking easier through mobile apps like SBI YONO, so that customers can manage their accounts anywhere and anytime. PNB and BOB have also updated their mobile app to provide better services to customers.
Safety measures
These banks have taken several security measures to increase the security of transactions. These include facilities like Two-Factor Authentication and Secure Login to protect customers’ accounts.
Benefits of new rules
These new rules have many benefits:
- Facility: Customers get the facility to manage their accounts anywhere and anytime.
- Safety: Security of transactions is increased, which reduces the chances of fraud.
- Better banking services: High interest rates and flexible investment options are provided.
- Digital transactions: Digital transactions are promoted, which makes it easier to withdraw and deposit money.
Documents required for new rules
Under these new rules, customers may need the following documents:
- Aadhar card
- PAN card
- Address proof
- Passport Size Photo
- Bank account passbook
Process for new rules
Under these new rules, customers must follow the following stages:
- Download the mobile banking app: First, you have to download your bank’s mobile banking app.
- Login: Login in the app and manage your account.
- Do digital transactions: Withdraw and deposit money in a digital way.
- Take care of safety: Take necessary precautions to protect your account.
Future plans of new rules
There are many schemes in future for these new rules that are being done to make it even more comprehensive. This includes the use of advanced techniques such as Artificial Intelligence (AI) and Blockchain, which will make the transaction even more secure and transparent. In addition, there is a plan to implement this rule across the country so that more and more customers can take advantage of it.
Frequently asked questions of new rules
Question: What are the new rules of SBI, PNB, BOB?
Answer: This rule makes the way of withdrawing and depositing money simple and safe.
Question: Which documents are required for the new rules of SBI, PNB, BOB?
Answer: Aadhaar card, PAN card, residence certificate, passport size photo, and bank account passbook.
Question: How to apply for new rules of SBI, PNB, BOB?
Answer: Download the mobile banking app, login, and transact in a digital way.
Disclaimer: This article provides general information and does not confirm any specific banking rule or plan. You should contact your bank for real information.
