If you do not maintain the minimum balance in your bank account, a non-maintenance charge is applied. The amount varies by bank and account type, usually ranging from ₹50 to ₹600. Repeated non-maintenance can lead to multiple penalties.
PM Kisan Samman Nidhi Yojana provides ₹6,000 yearly in 3 installments to eligible farmers. All landholding farmer families can apply, except taxpayers and government employees. Apply via pmkisan.gov.in or CSC centres. Aadhaar, land records, bank details and e-KYC are mandatory.
ભારતમાં ક્રેડિટ સિસ્ટમમાં મોટો બદલાવ: હવે CIBIL સ્કોર વધુ પારદર્શક અને ઝડપી બનશે. સ્કોર હવે 7 દિવસમાં અપડેટ થશે, જેથી EMI અને કાર્ડ પેમેન્ટ તરત દેખાશે. બેંકોને તાજેતરની માહિતી મળશે, લોન ઝડપી મળશે. ડિફોલ્ટ પહેલા ચેતવણી આપવી ફરજિયાત અને લોન રિજેક્ટ થાય તો કારણ આપવું પડશે. Major change in India’s credit system: CIBIL scores will now be more transparen
RBI is introducing a centralized system called ‘Payments Switching Service (PaSS)’. Now, just like mobile number porting, bank accounts can be switched easily. Salary, EMI, and bill payments will automatically move to the new bank. Liability for fraud will be clearly defined, and users will also get the option to turn UPI payments On/Off.
Big relief on loans: No extra charges on early repayment of home, car, or education loans. Failed ATM transactions must be refunded in 5 days or ₹100/day penalty applies. From April 2026, biometric authentication replaces OTP. No negative balance penalties. Loan apps can’t access personal data.