RBI new banking rules 2026: The Reserve Bank of India (RBI) has announced a major relief for millions of basic banking customers by updating the rules for Basic Savings Bank Deposit (BSBD) or Zero-Balance Accounts. These new guidelines aim to make banking easier, cheaper, and more accessible for low-income individuals. The updated rules will improve daily banking convenience and boost financial inclusion across the country.
What’s New in BSBD Accounts ?
Under the revised RBI rules, BSBD account holders will now get several upgraded services without any extra cost. These include:
1. No Limit on Monthly Deposits
Customers can now deposit any amount every month without worrying about any upper limit.
2. Free ATM/Debit Card
Banks must provide a debit or ATM card without any annual or renewal charges.
3. Free Chequebook Facility
Every BSBD account holder will be eligible for at least 25 cheque leaves per year free of cost.
4. Complete Digital Banking Access
Users will now get Internet Banking and Mobile Banking for free, making digital transactions simpler.
5. Passbook or Monthly Statements
Banks must provide either a physical passbook or monthly account statements at no additional charge.
Free Withdrawal Limit Increased — No Charges on Digital Payments
The biggest relief comes in cash withdrawal and digital payment rules:
Free Withdrawals
Customers can now make at least four free withdrawals every month, including ATM withdrawals (own bank + other bank ATMs).
UPI Will Not Count as Withdrawals
Digital transactions like UPI, IMPS, NEFT, and RTGS will not be counted as withdrawals.
This means no charges on these online payments, keeping digital banking absolutely free.
Existing Customers Can Also Benefit
If you already have a BSBD account, you can request your bank to update your account with these new features.
Regular savings account holders can also switch to a BSBD account—but only if they don’t already have another savings account in any bank.
When Will These Rules Start ?
The new RBI rules will officially come into effect from 1 April 2026.
However, RBI has allowed banks to implement these benefits earlier if they want.
These changes are part of the RBI’s updated ‘Responsible Business Conduct Instructions, 2025’, designed to strengthen financial inclusion and support low-income customers.
