In April 2025, the Reserve Bank of India (RBI) announced several important changes in the banking and finance sector. These new rules are expected to give more security, transparency, and user-friendliness to the financial system. The steps taken by RBI have not only improved banking services but also taken an important initiative in strengthening the economic conditions of the country. Let us delve into further details regarding these new rules.
Changes In Gold Loan Rules
The RBI has now issued new guidelines to make the rules pertaining to gold loans stricter and much more transparent. Now the loan-to-value (LTV) ratio for gold loans has been restricted to 75%. The rules relating to checking the purity and weight of gold were set up in standard processes. Banks now shall accept gold as collateral of 22 carats and above. Using gold loans will thus be monitored in a manner whereby any misuse of the funds can be curtailed.
New guidelines For UPI transactions
The NPCI has introduced new rules for UPI transactions. From now on, banks and PSP apps must update mobile numbers weekly. These efforts are in keeping with the aim of reducing errors in transactions and increasing security. The UPI users from now onwards will have to give explicit consent for operating their UPI number.
Priority Sector Lending Guidelines
New guidelines have been issued by the RBI with regard to priority sector lending (PSL). Under these norms, limits have been enhanced for education loans, renewable energy loans, and affordable housing loans. This has been done to aid in inclusive growth and increased flow of credit to priority sectors.
ATM Charges Increased
RBI has increased the upper limit of charge for making cash withdrawals at ATMs from ₹ 21 up to ₹ 23. This new charge will be applicable from May 1, 2025. The decision will enable banks to partially recover the costs incurred in operating ATMs.
Future Prospects
RBI New Rules April 2025 is a very important link in addressing the security and effectiveness of the financial system. These changes will, on the one hand, improve the quality of banking service, while on the other, provide a much better experience for the customer.
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