New Bank Rules 2025: SBI, PNB, HDFC, and ICICI Customers Must Know These Major Changes
Update for Bank Customers: A new update has been issued regarding banking services that directly affects customers of SBI, PNB, HDFC Bank, and ICICI Bank. These banks have revised several rules, including ATM charges, debit card fees, minimum balance penalties, and working hours. Here’s everything you need to know to avoid unexpected charges.
Increased Charges on ATM Transactions
Banks offer a limited number of free ATM transactions each month. Once the limit is crossed, customers are now required to pay additional fees. The revised ATM transaction charges are as follows:
SBI ATM Charges:
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₹10 per transaction after 6 free withdrawals from SBI ATMs
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₹20 per transaction after 3 free withdrawals from other bank ATMs
PNB ATM Charges:
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₹10 per transaction after 5 free withdrawals from PNB ATMs
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₹20 per transaction after 3 free withdrawals from other bank ATMs
HDFC ATM Charges:
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₹21 per transaction after 5 free withdrawals from HDFC ATMs
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₹21 per transaction after 3 free withdrawals from other bank ATMs
ICICI ATM Charges:
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₹21 per transaction after 5 free transactions from ICICI ATMs
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₹21 per transaction after 3 free withdrawals from other bank ATMs
Debit Card Charges and Annual Fees
While many debit cards are issued free of charge, banks levy joining, annual, and replacement fees in specific cases.
SBI Debit Card Charges:
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Joining fees up to ₹300 (varies by card)
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Annual fees between ₹125 and ₹350
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Replacement fee: ₹300
PNB Debit Card Charges:
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₹250 joining fee
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₹500 annual fee
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₹150 replacement charge
HDFC Debit Card Charges:
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Joining and annual fees range from ₹250 to ₹750
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Replacement/new card charge: ₹200
ICICI Debit Card Charges:
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Joining fees from ₹199 to ₹1,999
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Annual fees from ₹99 to ₹1,499 depending on the card type
Additionally, if you forget your debit card PIN and request a new one, all banks charge a fee of ₹50.
Penalty for Not Maintaining Minimum Balance
Each bank has different requirements for maintaining a minimum balance in savings accounts. Falling below the required limit can result in penalties.
SBI Minimum Balance Rule:
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No penalty for not maintaining minimum balance in regular savings accounts
PNB Minimum Balance Rule:
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Penalty ranges between ₹400 and ₹600 for failing to maintain quarterly minimum balance
HDFC Minimum Balance Rule:
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Charges between ₹150 and ₹600 depending on how much the balance falls short of the required monthly average
ICICI Minimum Balance Rule:
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Penalty is 6% of the shortfall in average monthly balance, capped at ₹500
Charges for Duplicate Bank Statements
If customers request a duplicate bank statement, a standard fee is applied across major banks.
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SBI, PNB, HDFC, and ICICI all charge ₹100 for issuing a duplicate statement.
New Bank Working Hours Effective 2025
A significant change has been made to the operational days of banks. As per the updated banking time table:
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Banks will now operate five days a week
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Saturdays and Sundays will be non-working days
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Customers are advised to plan their banking activities accordingly to avoid delays
Final Thoughts
These changes directly impact the way customers interact with their banks. From higher ATM withdrawal charges to stricter minimum balance rules, staying informed is essential to avoid unnecessary fees. Make sure to review your bank’s policy regularly and adjust your usage to stay within the free service limits.
