RBI has taken a big and historic decision for Zero-Balance i.e. BSBD (Basic Savings Bank Deposit) Account Holders. Now the scope of facilities available to BSBD Accounts has been expanded, due to which these accounts will now provide facilities like full-featured Savings Account – that too without any minimum balance and no additional charges. Under the new rules, now you can deposit cash in Zero-Balance account as many times as you want, there will be no limit on this. Besides, the facility to order money online or by cheque will also be provided. This will provide great relief to students, financially weak people and those using basic banking. Customers will now get ATM or ATM-cum-Debit Card without any annual charge. Apart from this, check book of at least 25 pages in a year, free internet banking, free mobile banking, and free passbook or monthly statement will also be made available. To withdraw cash, customers will get at least 4 free withdrawals every month. The special thing is that digital transactions—UPI, NEFT, RTGS, IMPS, PoS—will not be counted in the limit of these four free withdrawals. The most important change is that banks will no longer be able to discriminate against BSBD account holders, and will have to provide them the same facilities as other customers.

Zero Balance Account: The Reserve Bank of India (RBI) has made major changes in the Basic Savings Bank Deposit (BSBD) account, giving relief to the common customers. These changes include unlimited deposits every month, free ATM or debit card usage without any renewal fee, free check book of at least 25 pages every year, internet and mobile banking and passbook or monthly statement. The Reserve Bank has given 7 days time to the banks, within which the banks will have to make changes in BSBD.

What will be the limit of free withdrawal now?

Banks will have to allow at least four free withdrawals every month, which will include transactions from their own ATMs and ATMs of other banks. Under this new rule, digital payment transactions like UPI, IMPS, NEFT, and RTGS will not be counted as withdrawals. This means that users will not be charged separately for these digital transactions.

Existing BSBD account holders can request for the newly introduced features, while regular savings account holders can convert their accounts to BSBD accounts, provided they do not already have an account with any other bank.

These new changes will come into effect from April 1, 2026, although banks can adopt them earlier also. It is on their choice. RBI has issued new guidelines to update its Responsible Business Conduct Guidelines, 2025. This will officially change the framework of Basic Savings Bank Deposit (BSBD) accounts offered by banks.

See the changes at a glance

• There will be no charge for withdrawing money at least four times in a month.
• Digital payments like Card Swipe (PoS), NEFT, RTGS, UPI and IMPS will not be counted towards the four-time limit.
• You will also get the facility of check book with at least 25 pages in a year, free internet and mobile banking and free passbook or monthly statement.
• ATM and debit card will be given without any annual fee.

What is the purpose of change?

The purpose of implementing these changes is to increase access to BSBD accounts so that people understand its benefits. These new rules will be applicable to all banks like Local Area Bank, Rural Cooperative Bank, Urban Cooperative Bank, Small Finance Bank, Payment Bank and Commercial Bank.

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In this video you will learn that as per the new credit card guidelines of RBI, now no bank or card issuer can activate the Overlimit feature without the explicit permission of the customer. Earlier, many banks used to start this facility automatically, due to which customers used to spend more than the limit and overlimit charges were imposed on them. Now RBI has stopped this process completely. Under the new guidelines, customers will decide for themselves whether they want to keep the Overlimit feature active or not. For this, banks and card issuers will have to provide transaction control feature on their apps, internet banking and mobile banking platforms so that customers can turn on or off the overlimit option at any time. This facility will always be available, due to which there will be complete control over the expenses. If the customer has not given permission for overlimit, the bank will not under any circumstances allow the card to be used more than the limit nor will it be able to charge overlimit. If the customer has been charged overlimit charges by mistake, he can get a full refund by filing a complaint on the RBI Ombudsman Portal. The new rules have been implemented with the aim of making the banking process more transparent and in the interest of customers.

Bank holiday on bakrid: On the occasion of Bakrid (Eid ul Azha), bank holiday has been announced in many parts of the country. In such a situation, this news can be useful for you because if you do not know the right information then hard work can be wasted. The bank is already closed on Sunday. In such a situation, the question is arising whether the bank is going to be closed for the next three days. Let us know what the RBI calendar says about it.

Is the bank closed next three days?

In fact, on Friday i.e. 6 June 2025, there is going to be a bank holiday in Kochi and Tivrunanthapuram on the occasion of Bakrid. Along with this, on Saturday i.e. 7 June, there is a bank holiday in other places except Thiruvananthapuram, Kochi, Gangtok, Itanagar and Ahmedabad. This is because the first Saturday of the month is.
In such a situation, if you need to go to the bank branch from June 6 to 8, then first of all, find out whether the bank is open in your city or not. This will save you from any kind of inconveniences.

However, there is a bank holiday at the local level in the festival. In such a situation, if the bank remains closed here, then it is not going to have any effect on the digital services of the bank. Apart from UPI, ADM, Net Banking, Mobile Backing, services of ATM and Kreedi cards will continue to work smoothly as before.

But, it is definitely that at the beginning of every month, first check when your area is going to be discharged in that month. According to that, make your own plan.

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Rrb merger: One State-One RRB (Regional Rural Bank) The number of rural banks in the country will be reduced to 28 from May 1 under this policy of the government. The Finance Ministry has decided to merge 15 regional rural banks in 11 states to make banking service better and economical in rural parts of the country. To improve the operation of banks, regional rural banks will be merged for the fourth time in the country.

These are 11 states

Under the notification, 11 states – Andhra Pradesh, Uttar Pradesh, West Bengal, Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan will now have only one RRB. In this way, they will be strengthened by the integration of the regional rural banks present in every state. That is, now every state will have only one RRB, which will work to provide banking service in rural parts there.

• Suppose- Union Bank of India, Canara Bank, Indian Bank and State Bank of India will make a single RRB by mixing sponsored Chaitanya Godavari Gramin Bank, Andhra Pragati Gramin Bank, Saptagiri Gramin Bank and Andhra Pradesh Rural Development Bank, which will be called Andhra Pradesh Gramin Bank. According to the notification, the head office of this new unit will be in Amravati and the sponsorship will be under the Union Bank of India. Every three RRB will also be merged in states like Uttar Pradesh and West Bengal.
• Baroda UP Bank, Aryavat Bank and Prathama UP Gramin Bank in Uttar Pradesh will be made Uttar Pradesh Gramin Bank, whose head office will be Lucknow and Sponsor Bank of Baroda will be done.
• In West Bengal, Bangi Rural Development, West Bang Grameen Bank and Uttarabanga Regional Rural Bank will be made West Bengal Gramin Bank.
• In eight states – Bihar, Gujarat, Jammu and Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Odisha and Rajasthan, two RRBs will be merged into one. Under the sponsorship of Punjab National Bank, South Bihar Gramin Bank and North Bihar Gramin Bank will be made Bihar Gramin Bank.
• Gujarat Gramin Bank and Saurashtra Gramin Bank will be made Gujarat Gramin Bank in Gujarat. Its head office will be in Vadodara and Sponsor Bank of Baroda.
• Jammu and Kashmir Gramin Banks will be formed in Jammu and Kashmir by combining J&K Grameen Bank and Ellaquai Rustic Bank. It will be headquartered under the sponsorship of J&K bank in Jammu.

This fourth stage of merger

All regional rural banks will have an authorized capital of Rs 2,000 crore. Currently, 43 RRBs are working in 26 states and 2 union territories. After the merger, there will be 28 RRBs in 26 states and 2 union territories, which will have more than 22,000 branches in 700 districts. This is the fourth phase of the merger of RRB – the number of RRB in the first phase (FY 2006 to FY 2010) was reduced from 196 to 82, in the second phase (FY 2013 – FY15) it was reduced from 82 to 56 and in the third phase it was reduced from 56 to 43.

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Bank account nominee: Whenever you go to open an account in the bank, you are asked to add the nominee. Whether it is a savings account or a joint or current or demat account, it is necessary to get a nominee add. For this, the person who wants to make a nominee has to be given information about the name, age, account holder and the address so that if the account holder dies under any circumstances, then the money deposited in the account is transferred to the nominee.

People can make more than one nominee if they want. In this situation, money is distributed equally to all. Not only this, many banks also provide such facilities that in which you can mention which nominee to give. Now the question is, who can you make a nominee? If the account holder is married, then the legal successor is his wife, children and parents and if the account holder is not married, then his parents and siblings can claim the money deposited as the successor, but for this, one has to go through paperwork.

Get money like this

• If there is no nominee in the bank account, then after the death of the account holder, his death certificate will have to be submitted to the bank.
• Along with this, it is also necessary to submit a heir certificate or succession certificate to the bank for the legal heir so that the bank can ensure that the money is given to the right person. Other documents also require documents such as the passport side photograph of the legal heir, KYC, letter of disclaimer anxcher-A, letter of indemnity anxcher-C, residential proof.
• After this, the bank examines the legal documents and if needed, he can ask for succession certificate from the court.
• After completion of all the formalities, the bank pays the money to the nominee.

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