Consumer Alert: Important Changes from April 1, 2025!

Upcoming Changes in RuPay Debit Select Card

Starting April 1, 2025, the National Payments Corporation of India (NPCI) is introducing significant updates to the RuPay Debit Select Card. This card is designed to meet modern consumer needs, offering features related to travel, fitness, wellness, and other lifestyle benefits. Additionally, there will be changes in airport lounge access and insurance coverage. These updates aim to provide users with enhanced services and better financial security.

New Bank Regulations Effective April 1

From April 1, several banks, including SBI and Punjab National Bank, will implement new rules for minimum account balance. If customers fail to maintain the required balance, they may face penalties. Many banks are also updating their ATM withdrawal policies. Account holders will be allowed only three free withdrawals per month from other bank ATMs. After exceeding this limit, they will be charged between ₹20 to ₹25 per transaction.

Security Enhancements with Positive Pay System

To improve transaction security, banks are introducing the Positive Pay System (PPS). This system will require verification for cheque payments above ₹5,000. It ensures safer banking by preventing fraud and unauthorized transactions. With these changes coming into effect from April 1, 2025, customers should stay informed and adjust their banking habits accordingly.