Rule Change in February: The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1. Apart from this, like every month, some rules will come this month too, there will be changes. This will also affect the common people. These rules include rules from banking to UPI transactions
New Rules Change from 1 Feb 2025: The month of January is over and February has started. Today i.e. on February 1, 2025, the general budget of the country is going to come. The budget will be presented by Finance Minister Nirmala Sitharaman in Parliament. At the same time, there are many such rules which will change from the beginning of February. These rules include rules from banking to UPI transactions. In such a situation, let us know which rules are going to change from February 1, which will affect the life of the common man.
Money will be charged for withdrawing cash from ATM
From February 1, 2025, there may be a change in the fee for withdrawing cash from ATM and it may increase. Now, according to the rule, money can be withdrawn from ATM for free only 3 times every month. After this, a fee of Rs 25 will be charged on every transaction, whereas earlier this fee was Rs 20. If you withdraw money from any other bank’s ATM other than your bank’s ATM, then you will have to pay a fee of Rs 30 for this. Apart from this, a maximum of Rs 50,000 can be withdrawn in a day.
Changes in UPI transactions as well
According to the new rules of National Payments Corporation of India, transactions with IDs made of special characters will not be accepted from February 1. Transactions will be accepted only from IDs made through alphanumeric characters. At the same time, the IDs of those who do not follow this will be blocked. According to the new rules, UPI IDs with special characters like #, @, $, or * will be blacklisted. In recent years, the Unified Payments Interface or UPI has largely replaced cash, emerging as a major transaction medium. People use it for both small and large transactions, from grocery shopping to railway tickets.
Change in interest rate
State Bank of India, Punjab National Bank and other banks are now likely to offer more interest on savings accounts. From February 1, the interest rate on savings accounts can be increased from 3 percent to 3.5 percent. Apart from this, senior citizens will get 0.5 percent additional interest on savings accounts.
Change in minimum balance
From February 1, the minimum balance limit will be changed. Under this, now account holders will have to keep a higher minimum amount in their savings account. Earlier, account holders in State Bank of India were required to keep a minimum balance of Rs 3000 but now it will be increased to Rs 5000. For Punjab National Bank customers, the minimum balance 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.
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