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The major public sector banks of India, State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BOB) have introduced some exciting new facilities for their account holders. These changes will not only make your banking further convenient, but will also meet your financial needs in a safe and easy way. If you keep an account in these banks, then this news is very important for you. Let us know in detail these new features and their benefits.
New round in digital banking
In today's digital age banking services are changing rapidly, and SBI, PNB, and BOB are at the forefront of this race. These banks have further advanced their mobile banking and internet banking services. Now you can easily do work with your smartphone like checking your account balance, transfer, or making bill payment. PNB has recently launched WhatsApp banking service, through which you can get 24×7 services like balance inquiry, transaction history, or check book request. At the same time, SBI has added new features to its YONO app, which provides you with facilities like investment and loan application on the same platform.

Liquid FD: flexibility and profits
Bank of Baroda has launched its new liquid fixed deposit (FD) scheme, which is a unique option for investors. In this scheme, you can remove some part of your FD without breaking the entire FD. It is fantastic for those who need cash from time to time, but they also want to earn interest on their investment. This FD has interest rates from 4.25% to 7.15% like normal FD, and senior citizens get an additional 0.50% interest. PNB has also introduced new FD schemes of 303 days and 506 days, providing 7% and 6.7% interest rates.

Special facilities for senior citizens
These banks have also introduced several special facilities for senior citizens. SBI has launched its 'Patrance FD' scheme, which is for super senior citizens over 80 years of age. It gives 0.10% additional interest compared to general senior citizens. PNB has offered 7.25% interest rate for senior citizens in its 400 -day FD. In addition, BOB has introduced special banking services and personal assistance for senior citizens, so that their banking experience can be improved further.

Doorstep Banking: Services at home
SBI, PNB, and BOB have further expanded doorstep banking services under PSB Alliance. Now you can avail services like cash deposits, cash withdrawal, check deposits, or new check books sitting at home. This facility is especially useful for senior citizens and those who are unable to go to the branch. A minimum of Rs 1,000 and a maximum cash withdrawal or deposit of up to Rs 10,000 is available. A slight fee (Rs 75 + GST) is charged for this service.

New rules and precautions
With these features, banks have also implemented some new rules. For example, SBI, PNB, and BOB have increased the minimum balance limit, and not maintaining it may impose a fine of Rs 10 to 100. Also, the daily limit of UPI payment has been limited to Rs 1.5 lakh, so that online fraud can be prevented. In addition, if your account is inactive for 24 months, it can be declared inactive from 1 April 2025. In such a situation, KYC updates and minimum transactions are necessary.