Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

RBI issues RBI (Local Area Banks - Responsible Business Conduct) Amendment Directions, 2025

04-Dec-2025 | RBI/2025-26/106 DOR.MCS.REC.No.313/01-01-035/2025-26

RBI has issued RBI (Local Area Banks - Responsible Business Conduct) Amendment Directions, 2025 effective from 01st January 2026 or on the date of adoption by banks. Key Highlights: 1. A new definition has been added stating that "Digital Payment Transaction" will have the same meaning as "Electronic Funds Transfer" under the Payment and Settlement Systems Act, 2007. 2. Banks must offer a BSBD (Basic Savings Bank Deposit) Account as a standard savings account with essential services provided free of charge and without requiring any minimum balance. 3. Free basic facilities include - cash deposits, unlimited monthly deposits, receiving funds electronically or via cheque, a free ATM/ATM-cum-Debit Card (no annual fee), at least 25 free cheque leaves per year, internet/mobile banking, and a free passbook or monthly statement. 4. Customers can make at least four free withdrawals per month, including ATM transactions. Digital payments (UPI, NEFT, RTGS, IMPS, PoS, etc.) are not counted as withdrawals and charges for these will follow applicable RBI/NPCl/government rules. 5. ATM card, cheque book, and digital banking facilities must be provided only if the customer requests them. Banks cannot force customers to opt for these services while opening or operating a BSBD account. 6. Banks must follow KYC/AML rules, cannot ask for an initial deposit, must allow conversion of a regular savings account into a BSBD account within 7 days, ensure the customer holds only one BSBD account across banks, and must clearly publicise the BSBD account features and differences from other savings account types. For more information, please refer to the attached document.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

NSE issues notification regarding Clearing Limited – Conducts Member Interface Testing of Two-Way Portability Across Clearing Corporations under SaaS Model

10-Aug-2026 | Circular Ref. No: 038/2026

NSE has issued notification regarding Clearing Limited – Conducts Member Interface Testing of Two-Way Portability Across Clearing Cor

Read More
Corporate Laws

NSE reiterate the circular issued by SEBI on Extension of timelines with respect to compliance of Digital Accessibility Circulars

31-Jul-2026 | 70/2026

NSE reiterated the circular issued by SEBI on Extension of timelines with respect to compliance of Digital Accessibility Circulars Through

Read More
Corporate Laws

BSE reiterate the circular issued by SEBI regarding Extension of timelines with respect to compliance of Digital Accessibility Circulars

31-Jul-2026 | 20260731-15

BSE reiterated the circular issued by SEBI regarding Extension of timelines with respect to compliance of Digital Accessibility Circulars T

Read More
Corporate Laws

NSE reiterate circular issued by SEBI regarding Operational guidelines on Handling of Client’s Unpaid Securities by Trading Members

31-Jul-2026 | Circular Ref. No: 41/2026

NSE reiterated circular issued by SEBI regarding Operational guidelines on Handling of Client’s Unpaid Securities by Trading Members

Read More

Recent Posts

Industry Specific- Pharma

Drugs (Prices Control) Amendment Order, 2026

30-Jun-2026 | S.O. 3516(E).

This notification further amends the Drugs (Prices Control) Order, 2013 by revising provisions relating to ceiling/retail prices, overchargi

Read More
Corporate Laws

NSE issues notification regarding Clearing Limited – Conducts Member Interface Testing of Two-Way Portability Across Clearing Corporations under SaaS Model

10-Aug-2026 | Circular Ref. No: 038/2026

NSE has issued notification regarding Clearing Limited – Conducts Member Interface Testing of Two-Way Portability Across Clearing Cor

Read More
Industry Specific - Food Laws

APEDA issues advisory on new Russian Gosudarstvennyy Standart (GOST) standards for dairy product exports

03-Aug-2026 | File no.: APEDA-AP/53/2026-AР

The Agricultural and Processed Food Products Export Development Authority (APEDA) has issued an advisory informing exporters of new and upda

Read More
Legal

Notification regarding Central Motor Vehicles (Twelfth Amendment) Rules, 2026

07-Aug-2026 | G.S.R. 712(E)

The amendment provides that, from 1 April 2027, all tippers and dumpers must be equipped with an electrically, electro-mechanically, hydraul

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.