There will be major changes in the rules of banks from April 1

The new financial year begins on April 1. In such a situation, now the changed rules of the bank have come to light. The new rules will come into effect from April 1, 2025. What exactly are these changes? Let's learn about it in detail now.

New rules for withdrawing money from ATMs:

The number of free withdrawals from ATMs has been changed. Customers can now withdraw free money from other banks' ATMs only three times. Each subsequent transaction will be charged 20 to 25%.

New features of digital banking:

To promote digital banking, banks offer new facilities to customers. Now better services will be provided through online banking. Similarly, AI is now going to bring Chatbox. Facilities like two-factor authentication and biometric verification will be provided to secure digital transactions.

Minimum amount rule:

What should be the minimum balance in banks? New rules have been introduced in this regard. Branch accounts in urban, semi-urban and rural areas will depend on this. If the balance is less than the minimum balance amount in the balance account, the penalty is levied.

Changes in interest rates on savings accounts and fixed deposits:

The rules for banks and savings accounts and fixed deposit accounts have been changed. The interest on the savings account will now depend on the balance in the account. If there is more money in the account, then there will be a higher return.

Credit card benefits:

Other big banks including State Bank of India and IDFC First Bank will be changing the benefits of their Co brand Vistara credit cards. Now benefits like ticker vouchers, benefits on renewals, rewards available on these cards will be discontinued. The benefits of Axis Bank's Vistara credit cards will change from April 18.