New rules for banks, ATMs, railways, from May 1: Click to Know.

Many rules including those for banking, ATMs, railways and airlines are going to change from May 1.

Here are some of the rules which will change from May 1:

1) New SBI interest rate for savings account.

Customers of the State Bank of India’s (SBI) savings account will get less interest on deposits of more than Rs 100,000 from May 1. For balances up to Rs 100,000, SBI will offer an interest rate of 3.50% per annum, the lender said. The interest rates on deposits above Rs 100,000 will stand at 3.25%, which will be 2.75% below the repo rate.

2)Change in rule for PNB account holders:

The Punjab National Bank (PNB) ,has discontinued its digital wallet from May 1. PNB clients who have been using PNB’s Kitty wallet service can spend the rest of the amount or transfer it through IMPS to another account.

“When the customer wants to change the registered mobile in the bank, he has to first spend the balance amount in the wallet and close the wallet. Otherwise, he will not be able to change his mobile number in the branch.”

3) ATM RULE:

A new system will be put in place for ATMs to prevent coronavirus infection. According to the new rule, an ATM will be cleaned to make it infection-free after every use. It has been started in Ghaziabad and Chennai. In a hotspot, now the municipal corporation will sanitise an ATM twice a day. If sanitation rules are not followed, the ATM chamber will be sealed.

4) Boarding station rules:

The new rules , Passengers can change their boarding station up to four hours before the reservation chart is released. 

The old rules was , A passenger could change his boarding station 24 hours before the date of travel.

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