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February 2026 bank changes: These rules are changing as SBI, HDFC Bank, ICICI Bank and PNB revise charges and card benefits
The Times Of India· 2026-01-31 10:43
Key Changes in Banking Services - State Bank of India (SBI) will revise service charges on certain IMPS transactions starting February 15, 2026. For online IMPS transfers above ₹25,000 and up to ₹1 lakh, a charge of ₹2 plus GST will apply. Transfers exceeding ₹1 lakh and up to ₹2 lakh will incur a fee of ₹6 plus GST, while transactions above ₹2 lakh and up to ₹5 lakh will cost ₹10 plus GST [4][6] - ICICI Bank will discontinue the complimentary movie benefit via BookMyShow on select credit cards from February 1, 2026. The bank will also adjust reward point earnings on transport and insurance spends across various card variants [4][6] - HDFC Bank will implement changes to its credit card program from February 1, 2026, revising reward point redemption rules for its Infinia metal credit card to a maximum of five redemptions per month [4][6] KYC Compliance Update - Punjab National Bank (PNB) has issued an alert for customers to update their Know Your Customer (KYC) details in accordance with RBI guidelines. Customers whose KYC is due as of December 31, 2025, must complete the update by February 2, 2026, or face potential restrictions on account operations [5][6]