New Delhi. With the end of September, October is about to begin. It is said that changes in banking and some rules related to it will come into effect from October 1, 2026. These can affect everyone from customers having bank accounts to investors. In such a situation, it is important to be aware of the new rules in advance.
Changes in rules related to FD
The limit for large FD i.e. bulk deposit has been changed. Now FD of Rs 3 crore or more will be categorized as bulk deposit, whereas earlier this limit was Rs 2 crore. For general customers, the rule of keeping the same interest rate in bank branches on FD of same amount and same tenure has been stated. At the same time, banking institutions will have to update their bulk FD interest rates on their website by 10 am every business day.
Changes in SBI Salary Account also
For SBI salary account customers, the limit of free transactions from ATMs of other banks has been reduced from 10 to 5. This will include financial and non-financial transactions like cash withdrawal as well as balance check. However, the facility of transaction from salary account at SBI's own ATM is said to be free and unlimited.
Fees for SBI BSBD account holders
Changes have also been announced for customers linked to BSBD accounts of SBI. From October 1, cash withdrawal will be free up to 4 times a month. After this, each withdrawal may attract a charge of Rs 15 plus GST. This limit will be applicable on cash withdrawal services like ATM, Branch and AEPS.
Aadhaar verification necessary for LPG subsidy
Aadhaar biometric verification related to LPG subsidy will also be important from October 1. Consumers who have not completed Biometric Aadhaar Authentication (BAA) may face difficulty in getting the subsidy. There is a provision to send the subsidy amount to the bank account only after the verification is completed.