A major bank account rule change has come into effect, directly impacting customers of State Bank of India, Punjab National Bank, and Bank of Baroda. These five new regulations are part of a broader effort to strengthen banking security, improve compliance, and align customer accounts with updated financial norms.
If you hold a savings or current account with any of these banks, understanding these changes is essential to avoid service disruption, penalties, or account restrictions.
Why Banks Introduced These New Account Rules
Public sector banks are facing increasing pressure to enhance digital security, prevent fraud, and maintain accurate customer data. Regulatory bodies have also emphasized stricter KYC and transaction monitoring to curb misuse of banking services.
As a result, SBI, PNB, and Bank of Baroda have aligned their internal policies with updated compliance standards, making certain rules mandatory for all account holders.
Mandatory KYC Reverification
One of the most important changes is compulsory KYC reverification. Customers whose KYC details are outdated or incomplete must update documents such as Aadhaar, PAN, address proof, and identity verification.
Accounts without updated KYC may face partial restrictions, including limits on withdrawals, deposits, and digital transactions until compliance is completed.
Minimum Balance Monitoring Tightened
Banks have revised the way minimum balance requirements are monitored. Accounts that consistently fall below the prescribed balance may attract penalties more strictly than before.
While basic savings accounts remain exempt, regular savings account holders should ensure they maintain the required average monthly balance to avoid charges.
PAN and Aadhaar Linking Enforcement
Another key regulation involves stricter enforcement of PAN and Aadhaar linkage with bank accounts. Customers who have not linked PAN or Aadhaar may face higher TDS deductions, blocked interest credits, or limited banking services.
This step helps banks comply with income tax reporting requirements and strengthens identity verification.
Dormant Account Rules Revised
Accounts that remain inactive for a long period are now being reviewed more aggressively. If no transaction is recorded for an extended duration, the account may be marked dormant.
Once dormant, customers must complete reactivation procedures at the branch to regain full access. This rule is aimed at preventing misuse of unused accounts.
Transaction Monitoring and Alerts Increased
Banks have enhanced transaction monitoring systems. High-value or unusual transactions may trigger alerts or temporary holds until customer confirmation is received.
Customers are encouraged to keep their mobile numbers and email IDs updated to receive timely alerts and avoid inconvenience.
How These Rules Affect SBI, PNB and BoB Customers
For most compliant customers, these changes will not cause disruption. However, those with incomplete KYC, inactive accounts, or unlinked PAN-Aadhaar details may face service limitations.
The rules apply uniformly across SBI, PNB, and Bank of Baroda, though specific thresholds and timelines may vary slightly by bank.
What Account Holders Should Do Now
Customers should review their account status, update KYC documents, ensure PAN and Aadhaar are linked, and maintain the required balance. Visiting the official bank branch or using online banking platforms can help complete these steps quickly.
Staying proactive will help avoid last-minute issues and ensure uninterrupted banking services.
Conclusion: The Bank Account Rule Change introducing five new regulations for SBI, PNB, and Bank of Baroda customers marks a shift toward stricter compliance and stronger financial security. While the rules aim to protect customers and the banking system, timely action from account holders is crucial. Updating KYC, maintaining balances, and keeping accounts active will ensure smooth banking operations in 2026 and beyond.
Disclaimer: This article is based on general banking guidelines, public advisories, and standard compliance practices followed by Indian public sector banks. Specific rules, charges, and timelines may vary by bank and are subject to change through official notifications. Customers are advised to confirm details with their respective bank branches or official banking channels.
