SBI Alert : If you are a customer of the State Bank of India (SBI), there is an important update you should know about. The Reserve Bank of India (RBI) has announced new rules for bank accounts, which will come into effect from October 31, 2025.
According to these new rules, if you fail to update the necessary details of your bank account within the stipulated time, your account may be closed or rendered inactive.
This update is especially important for account holders whose accounts have been inactive for a long time or whose KYC information is incomplete. The main aim of this directive is to enhance customer security and prevent banking fraud. Let’s explore all the important details below.
SBI Alert : Important Changes for Customers from October 31, 2025
Several significant banking regulations are being implemented around October 31, 2025, which will directly impact your SBI bank account.
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Account Activation Rule:
If there has been no transaction for an extended period, your account may be marked as inactive or closed. -
Mandatory KYC Update:
Customers must ensure their KYC (Know Your Customer) details are up to date. RBI has made it clear that accounts without updated KYC may be closed.
New Cash Withdrawal Limits
SBI has also revised the cash withdrawal limits for different types of debit cardholders, effective October 31, 2025:
- Classic and Maestro Debit Card Holders: ₹20,000 per day
- Gold Debit Card Holders: ₹50,000 per day
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Platinum Debit Card Holders: ₹1,00,000 per day
These changes are intended to enhance transaction security and promote digital banking over excessive cash handling.
Things to Do Before October 31 to Avoid Account Deactivation
To prevent your SBI account from being frozen or deactivated, make sure to complete the following steps before October 31, 2025:
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Update Your KYC Documents:
Ensure your passport, Aadhaar card, and PAN card are up to date and verified.
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Maintain Account Activity:
Perform at least one transaction periodically to keep your account active. -
Check Loan or Overdraft Accounts:
If you have a cash loan or overdraft facility, contact your bank to confirm compliance with the updated regulations. -
Adjust Your Cash Withdrawals:
Follow the new daily withdrawal limits set by the bank. -
Use SBI YONO or Tax2Win App:
File your free ITR (Income Tax Return) before October 31 using SBI’s digital services. -
Beware of Fraudulent Messages or Calls:
Do not respond to any suspicious messages, calls, or emails asking for personal or account details — they could be scams.
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Contact Your Nearest SBI Branch:
Visit or call your official SBI branch or customer care center to fully understand and comply with the updated guidelines.
Purpose Behind RBI and SBI’s New Regulations
RBI has introduced these new banking guidelines to enhance customer security and reduce financial fraud.
Inactive accounts are often targeted for fraudulent activities, so this move will help protect customers’ money.
Additionally, by limiting cash withdrawals, RBI and SBI aim to control cash-related frauds and encourage digital transactions, contributing to a safer and more transparent banking system.
