Introduction
As we step into 2026, major public sector banks like State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) are rolling out important updates to bank account rules aimed at boosting security, transparency, and customer convenience. These bank account rule changes for SBI, PNB, and BoB customers stem from evolving RBI guidelines and focus on everything from KYC compliance to inactive accounts and digital safety. While some changes tighten controls to curb fraud, others offer relief like relaxed minimum balance norms. Staying informed about these new banking regulations can help you avoid surprises, penalties, or restricted access. Here’s a breakdown of five key regulations now affecting millions of account holders.
5 Key New Regulations for SBI, PNB, and BoB Customers
- Stricter KYC Update Enforcement Outdated KYC details can now lead to swift transaction restrictions or freezes on accounts. SBI, PNB, and BoB are prioritizing re-KYC to align with anti-money laundering norms and reduce fraud risks. Impact: Debit/credit limits may drop, or withdrawals could be blocked until updated. How to comply: Visit your branch, use net banking, or submit Aadhaar/PAN updates online before deadlines communicated via SMS/email.
- Handling of Inactive and Dormant Accounts Accounts with no transactions for over two years are being flagged as dormant, with potential restrictions or closure after notices. This new rule pushes customers toward active usage while cleaning up unused accounts vulnerable to misuse. Impact: Limited services like no online transfers until reactivated. How to prevent: Perform at least one transaction (deposit, withdrawal, or transfer) every 18–24 months.
- Enhanced Digital Transaction Security and Alerts Banks are mandating stronger authentication, real-time SMS/email alerts for low balances, suspicious activity, and KYC expiry. Digital transaction limits may be adjusted for non-compliant accounts. Impact: Better fraud protection but possible temporary holds on high-value transfers. How to adapt: Register/update mobile number and email, enable app notifications, and use two-factor authentication regularly.
- Revised Service Charges and Transparency Clearer disclosure of fees for services like cheque books, SMS alerts, or debit card maintenance, especially for unused cards. While some charges apply to dormant features, standard savings accounts see more predictable structures. Impact: Potential annual fees on idle debit cards unless opted out. How to manage: Review account statements, opt for digital statements to save costs, and cancel unused cards if needed.
- Promotion of Financial Inclusion with Relaxed Balance Norms Following 2025 waivers, SBI, PNB, and BoB continue no-penalty policies for non-maintenance of minimum balance in most standard savings accounts, supporting low-income and rural customers. Impact: No charges even if balance drops to zero in basic accounts. How to benefit: Ideal for new or occasional users—pair with direct benefit transfers for seamless subsidies/pensions.
Conclusion
These five new regulations for SBI, PNB, and BoB customers mark a shift toward safer, more accountable banking in line with RBI’s vision for 2026. While stricter KYC and inactivity rules may require a bit more effort, benefits like enhanced alerts and relaxed minimum balance penalties make everyday banking easier and more inclusive. Most active users will experience minimal disruption—just keep your details updated and accounts engaged. Check your bank’s app, website, or branch for personalized notifications, and act promptly to enjoy uninterrupted services. Proactive steps today ensure smoother financial tomorrow.