-Many major changes to banking from the beginning of the new financial year
-Associate taxpayers, salaried employees and general public also
New Delhi. Changes in UPI Rules: There have been many major changes to banking since the beginning of the new financial year. Which has affected not only the taxpayers, but also on salaried employees and general public. Not only this, you should also know about the changes in UPI and the minimum balance rules of the bank.
What has changed in UPI rules?
The National Payment Corporation of India (NPCI) has made some changes to make UPI in UPI Rules more secure. In which inactive and unused mobile numbers have been inactive for several days. NPCI has asked banks and third-party UPI payment providers like Google to remove such passive numbers on the phone. This means that if you have an old number from which you use UPI but that number has been inactivated for the last few months, then you will no longer be able to use it.
NPCI has not implemented any minimum balance rule for UPI. The UPI transaction limit (eg for general transactions 1 lakh rupees per day) and security rules have been updated from April 1. But there is no mention of the minimum balance.
Rule of minimum balance in banks
Many big banks like State Bank of India, Punjab National Bank and Canara Bank have changed their minimum balance requirements from April 1. If customers do not keep the minimum balance in their accounts, then they will have to face punishment.
state Bank of India: The minimum balance for savings account is Rs 3,000 in metro cities, Rs 2,000 in urban areas and Rs 1,000 in rural areas. If the remaining amount is not maintained, there may be a fine of Rs 50 to 100.
PNB: The minimum balance starts from Rs 1000 to Rs 2000 and the fine starts from Rs 50.
Canara Bank: Minimum balance Rs. Starts at 100. 1000. The amount of fine can vary depending on the type of account. Income remaining and penalty rules bank rate banks may vary.
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