1. Banking Laws (Amendment) Act, 2025
This amendment focuses on improving bank governance, strengthening depositor protection, and enhancing financial stability. It gives RBI stronger powers to manage stressed banks and ensures better accountability within the banking system.
2. Integrated Ombudsman Scheme, 2026
Effective from 1 July 2026, this scheme replaces earlier grievance mechanisms. It offers a single, simplified platform for customers to lodge complaints against banks, NBFCs, and digital payment providers, with faster resolution timelines.
3. Forex Regulations Overhaul (FEMA Updates)
RBI has simplified foreign exchange regulations to support exporters, importers, and businesses. These changes reduce compliance burden and promote smoother international trade, effective from 1 October 2026.
Impact on Customers
New Minimum Balance Rules
From 15 January 2026, banks must clearly disclose minimum balance requirements and penalty structures. Many banks are shifting to slab-based penalties.
Note: These rules do not apply to Basic Savings Bank Deposit Accounts (BSBDA).
Dormant Account Actions
From 20 January 2026, banks will take stricter action on inactive accounts to prevent fraud. Accounts with no transactions for long periods may be frozen or closed unless customers take action.
Simplified Forex Compliance
Individuals and businesses involved in foreign transactions will benefit from easier procedures, fewer documents, and faster processing under the revised FEMA guidelines.
