A new banking rule was approved overnight and could affect your account starting this week.
Major lenders in India, such as SBI, HDFC Bank, PNB, and ICICI, are rolling out updated fees and charges, revised transfer policies (including IMPS), changes to credit card benefits, and updated compliance requirements, all effective from February 2026.
These changes may affect everyday banking, from transaction costs and reward structures to documentation requirements, so it’s essential to check with your bank now to understand how your account will be affected and avoid surprises.
This most likely affected small businesses and overseas transfers; documentation of your transactions will be critical to faster resolution.
