Banking Rules Latest Update: At the beginning of every month, many rules are changed across the country. In such a situation, now the month of March is coming to an end. As soon as the new month starts, the government is going to make many changes to the rules. Its effect will be directly seen in the pockets of the customers (Update for bank customers) and their problems may also increase. From April 1, changes will also be seen in the banking rules, after which customers will now have to maintain the new minimum balance.

There will also be a change in the rules related to ATM-

Now the customer will get a chance to withdraw money for free only three times a month from the ATMs of other banks (ATM New Rules). After this, customers will have to pay a charge of 20 to 25 rupees on every transaction. Right now you have to pay a charge of up to Rs 17 on withdrawing cash (new cash transaction rules). Now from May 1, this charge will be increased to Rs 19.

Reserve Bank of India issued guidelines-

If you are thinking of withdrawing money from any ATM (ATM withdrawal charges), then according to the rules of the Reserve Bank of India, banks have now reduced the limit of free withdrawal from ATMs. Now the customer will be allowed to withdraw money for free only three times a month from the ATMs of other banks (charge on ATM transactions). After this, you will have to pay a fee of 20 to 25 rupees for every transaction. This means that if you withdraw money from the ATM of another bank (RBI interchange fee) more than three times a month, then you will have to pay a fee every time.

7 rupees per transaction charge will have to be paid-

At present, you have to pay a charge of 17 rupees per transaction for withdrawing money, it will now be increased to 19 rupees from May 1. Apart from this, a charge of 6 rupees has to be paid for non-financial transactions like mini statements, and balance checks. It will be increased to Rs 7 per transaction (Charge for Mini Statement).

New features will be added to digital banking-

To promote digital banking, new features are being continuously added by the bank (new banking updates) for the customers. Now customers will be able to avail better services through online banking. For this, banks can also bring chatbots running on artificial intelligence. Customers will be helped by the AI Chatbot. Along with this, safety features like two-factor authentication and biometric verification will be included to make digital transactions safe.

Rules changed regarding minimum balance-

SBI, Punjab National Bank, Canara Bank (Minimum balance in Canara Bank), and some other banks have also amended many rules related to minimum balance. Now this balance depends on whether your account is in an urban, semi-urban or rural area. You have to pay a penalty for having a balance less than the prescribed amount (Minimum balance limit hike).

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