Sending money from SBI will be expensive The country’s largest public sector bank SBI is going to change its IMPS rules from February 1. Now customers will have to pay Rs 20 + GST for doing IMPS from SBI from Rs 2 lakh to Rs 5 lakh. In October, the bank increased the IMPS limit from Rs 2 lakh to Rs 5 lakh.
Positive Pay System of Bank of Baroda Bank of Baroda is going to implement positive pay system for payment of cheques from 1st February. Let us tell you that from February 1, confirmation will be mandatory for cheque payment. The bank has given this information. (BOB New Rule) According to the bank, if there is no confirmation, then the cheque will be returned.
PNB increased charges PNB has also changed some rules for its customers. If from February 1, any of your installment or investment debit account fails due to lack of money, then 250 rupees will have to be paid for it. (PNB New Rule) At present the bank charges you only 100 rupees for this.
India Post Payment Bank reduced interest rates on savings account India Post Payment Bank (IPPB) has announced a cut in interest rates on its savings account. IPPB has cut interest rates by up to 25 basis points. These new rates will be applicable from February 1. IPPB, which is run under India Post, said that 2.5 percent interest will be given per annum instead of the earlier 2.75 on savings accounts ranging from Rs 1 lakh to Rs 2 lakh. The bank cut interest rates by 0.25 percent.