By News Desk 
The banking landscape in India is set to undergo several important changes in the coming months. These updates, which cover everything from bank websites to ATM fees, have been officially announced by the Reserve Bank of India (RBI). A specific implementation timeline has also been released. It’s important for all bank account holders to stay informed about these upcoming changes.
Changes in Interest Rates for FD, Loans, and Savings Accounts
Following a recent cut in the repo rate by the RBI, many banks have adjusted their interest rates on fixed deposits, savings accounts, and loans. This revision is currently ongoing, with several major banks—such as SBI, Bank of India, Bank of Baroda, and HDFC Bank—already implementing new rates. Customers who have investments in fixed deposits or are repaying loans should check the updated interest rates with their respective banks to stay ahead of the curve.
Regional Rural Bank Merger Begins May 1
A major reform titled “One State-One RRB” will be rolled out starting May 1. As per this policy, 15 regional rural banks (RRBs) across 11 states will be merged, reducing the total number of RRBs from 43 to 28. In Madhya Pradesh alone, two RRBs are set to be combined. The Finance Ministry has already released a formal notification regarding this structural reform.
New ATM Charges from May 1
RBI has approved a revision in ATM interchange fees. Starting May 1, customers who use ATMs outside their bank’s network—whether for cash withdrawals or balance checks—will be required to pay a higher service charge. This move is aimed at balancing infrastructure costs for banks while encouraging digital transactions.
Bank Websites to Shift to New Domain
In a push to enhance cybersecurity in digital banking, RBI has instructed all banks to move their online platforms to a standardized domain ending in “.bank.in”. Banks have been given a deadline of October 31, 2025, to complete this migration. This change is expected to make online banking more secure and trustworthy for users.
Revised Savings Account Rules for Minors
In a significant update, RBI has amended rules concerning bank accounts for minors. Children aged 10 years or older can now open and independently operate savings accounts. However, banks have been granted the authority to formulate their own internal policies around this provision, which may vary slightly between institutions.