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2026 RBI rules for savings accounts | income tax notice | 200% penalty

157.2K views ยท Mar 31, 2026 ยท 13:12 min ยท Watch on YouTube โ†—
Takeaway

April 2026 brings sweeping RBI/PAN/insurance changes โ€” track free-transaction limits and PAN linkage to avoid steep penalties.

Summary

  • From April 1 new FY, RBI mandates 4 free ATM withdrawals/month and unlimited free deposits + UPI/IMPS/NEFT/RTGS transactions for zero-balance/BSBDA accounts, plus a free 25-leaf chequebook
  • ATM withdrawal limit beyond 3 free transactions in tier-1 cities will be charged โ‚น23+taxes; debit-card and UPI ATM withdrawals will now be counted together as one limit
  • PNB has cut daily debit-card ATM withdrawal limit from โ‚น1L to โ‚น50K and premium cards from โ‚น1.5L to โ‚น75K; other banks likely to follow
  • RBI mandates two-factor authentication (biometric+OTP) for net banking and UPI transactions to curb digital frauds
  • Without PAN, cash deposits capped at โ‚น10 lakh per financial year (vs earlier โ‚น50,000/day); 200% penalty risk for mismatches; term insurance premiums rising despite 0% GST
RBI rulesATM limitsPAN card
Original description 
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Thanks for watching.
Team Money Purse

00:00 New changes From April 1st
00:59 Zero balance account changes
02:26 ATM withdrawal changes
05:06 Insurance changed
06:51 PAN Card changes
09:59 Income tax changes
12:03 Railway tickets changes

Disclaimer: We are not SEBI registered. Before taking any positions, contact your financial advisor. we are not responsible for any Profits or losses; whatever we are providing here is purely educational and informational point of view