{"id":368916,"date":"2025-12-05T18:00:37","date_gmt":"2025-12-05T12:30:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=368916"},"modified":"2025-12-05T18:02:48","modified_gmt":"2025-12-05T12:32:48","slug":"rbi-amendment-directions-to-basic-savings-bank-deposit-accounts","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/","title":{"rendered":"RBI Issues 7 Amendment Directions to Enhance Basic Savings Bank Deposit Accounts – December 2025"},"content":{"rendered":"
\n

On 4-12-2025, the Reserve Bank of India<\/span> issued 7 Amendment Directions to amend the extant instructions on the Basic Savings Bank Deposit account<\/span> applicable to Banks.<\/p>\n

Objectives:<\/h3>\n
    \n
  1. \n

    to provide affordable banking facilities to public;<\/p>\n<\/li>\n

  2. \n

    drive enhanced usage of Basic Savings Bank Deposit accounts;<\/p>\n<\/li>\n

  3. \n

    to improve customer service for Basic Savings Bank Deposit account holders.<\/p>\n<\/li>\n<\/ol>\n

    Background:<\/h3>\n
      \n
    1. \n

      The Basic Savings Bank Deposit account was introduced as a savings bank account which offers certain minimum facilities to the holders of such accounts, free of charge.<\/p>\n<\/li>\n

    2. \n

      The main objective was to deepen financial inclusion.<\/p>\n<\/li>\n

    3. \n

      However, the ongoing digitalization<\/span> of the banking sector requires a Basic Savings Bank Deposit account that is in sync with the customer’s evolving requirements.<\/p>\n<\/li>\n

    4. \n

      Therefore, it was necessary to review the extant instructions and draft Reserve Bank of India (Basic Savings Bank Deposit Account) Directions, 2025 which were issued on 1-10-2025.<\/p>\n<\/li>\n<\/ol>\n

      Hence, the Reserve Bank of India has issued the following 7 amendment directions to amend the extant instructions:<\/h3>\n
        \n
      1. \n

        Reserve Bank of India (Commercial Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      2. \n

        Reserve Bank of India (Small Finance Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      3. \n

        Reserve Bank of India (Payments Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      4. \n

        Reserve Bank of India (Local Area Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      5. \n

        Reserve Bank of India (Regional Rural Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      6. \n

        Reserve Bank of India (Urban Co-operative Banks- Responsible Business Conduct) Amendment Directions, 2025;<\/p>\n<\/li>\n

      7. \n

        Reserve Bank of India (Rural Co-operative Banks- Responsible Business Conduct) Amendment Directions, 2025.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        On 4-12-2025, the Reserve Bank of India issued 7 amendment directions to improve Basic Savings Bank Deposit accounts. These changes aim to enhance customer service, promote financial inclusion, and align banking services with digitalization.<\/p>\n","protected":false},"author":67515,"featured_media":368927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[94220,2732],"class_list":["post-368916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-basic-savings-bank-deposit-account","tag-Reserve_Bank_of_India"],"yoast_head":"\n7 Amendment Directions to Enhance Basic Savings Bank Deposit Accounts | SCC Times<\/title>\n<meta name=\"description\" content=\"Reserve Bank of India issued 7 amendment directions on December 4, 2025, to enhance Basic Savings Bank Deposit accounts. 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These changes aim to improve customer service, promote financial inclusion, and align banking with digitalization.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-05T12:30:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-05T12:32:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Basic-Savings-Bank-Deposit-account-guidelines.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kriti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"RBI Issues 7 Amendment Directions to Enhance Basic Savings Bank Deposit Accounts - December 2025\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kriti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/\",\"name\":\"7 Amendment Directions to Enhance Basic Savings Bank Deposit Accounts | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/05\/rbi-amendment-directions-to-basic-savings-bank-deposit-accounts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/12\/Basic-Savings-Bank-Deposit-account-guidelines.webp\",\"datePublished\":\"2025-12-05T12:30:37+00:00\",\"dateModified\":\"2025-12-05T12:32:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd\"},\"description\":\"Reserve Bank of India issued 7 amendment directions on December 4, 2025, to enhance Basic Savings Bank Deposit accounts. 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Minors can open saving\/fixed\/ recurring bank deposit account through his natural or legally appointed guardian. Banks are free to offer additional\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":271395,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/08\/rbi-amends-gold-monetization-scheme-2015-guidelines-issued-for-renewal-redemption-of-medium-and-long-term-government-deposit\/","url_meta":{"origin":368916,"position":4},"title":"RBI amends Gold Monetization Scheme, 2015; Guidelines issued for Renewal\/ Redemption of Medium and Long-Term Government Deposit","author":"Bhumika Indulia","date":"August 8, 2022","format":false,"excerpt":"\u00a0 \u00a0 On 04-08-2022, the Reserve of India (\u2018RBI') amended the RBI (Gold Monetization Scheme, 2015) with immediate effect. The amendment inserts following guidelines on Renewal\/ Redemption of Medium and Long-Term Government Deposit Guidelines for Renewal\/ Redemption of Medium and Long-Term Government Deposit (\u2018MLTGD'): The redemption of principal at the\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":220085,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/26\/rbi-increases-withdrawal-limit-for-pmc-bank-from-rs-1000-to-10000\/","url_meta":{"origin":368916,"position":5},"title":"RBI increases withdrawal limit for PMC Bank from Rs 1,000 to 10,000","author":"Bhumika Indulia","date":"September 26, 2019","format":false,"excerpt":"Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) \u2013 Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra - Relaxation in withdrawal limit of Deposit Accounts Punjab and Maharashtra Cooperative Bank Ltd., Mumbai, Maharashtra, a Multi-State Urban Cooperative Bank has been placed under All-Inclusive Directions under sub-section (1)\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/368916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67515"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=368916"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/368916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/368927"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=368916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=368916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=368916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}