New Rules Change from 1 Feb 2025: The month of January is over and the beginning of February. Today i.e. on February 1, 2025, the general budget of the country is coming. The budget will be presented in Parliament by Finance Minister Nirmala Sitharaman. From the beginning of February, there are many such rules which will change. These rules include rules ranging from banking to UPI transactions. In such a situation, let us know which rules are going to change from February 1, which is going to affect the life of the common man.
Money will be spent on withdrawing cash from ATM
From 1 February 2025, the cash withdrawal fee from ATM may change and it may increase. Now, according to the rule, money will be withdrawn from ATM for free only 3 times every month. Subsequently, every transaction will be charged Rs 25, while earlier this fee was Rs 20. If you withdraw money from the ATM of any other bank other than the ATM of your bank, then you will have to pay a fee of 30 rupees. Apart from this, only up to Rs 50,000 can be withdrawn in a day.
Changes in UPI transaction also
According to the new rules of the National Payments Corporation of India, transactions with IDs made from special characters will not be done from February 1. Users will be accepted only by the ID made through alphanumeric characters. At the same time, those who do not follow it, the ID of such people will be blocked. According to the new rules, the UPI ID with special characters like #, @, $, or * will be blacklisted. In recent years, Unified Payments Interfaces or UPI have replaced a large -scale cash, which has emerged as a major transaction medium. People use it for both small and big transactions, from grocery purchases to railway tickets.
Interest rate change
State Bank of India, Punjab National Bank and other banks are now expected to get more interest on savings accounts. From February 1, the interest rate on savings account can be increased from 3 percent to 3.5 percent. In addition, the Cinier Citizen will get an additional interest of 0.5 percent on a savings account.
Changes in minimum balance
The limit of minimum balance will be changed from 1 February. Under this, now account holders will have to keep a higher minimum amount in their savings account. Earlier, the account holders in the State Bank of India were required to keep a balance of at least Rs 3000, but now it will be increased to Rs 5000. The minimum balance for Punjab National Bank customers will also be increased from Rs 1000 to Rs 3500. At the same time, the minimum balance limit in Canara Bank will be increased from Rs 1000 to Rs 2500.