The month of May has started from today and from the very first date, many changes have also come into force in the country, which can be seen on every house every house. Yes. While looking at the applicable changes from 1 May 2025, on one hand, withdrawing money from ATM has become expensive and more charge will have to be paid for cash withdrawal, while there has been a big change in ticket booking rules from Indian Railways. Let us know in detail about 5 such major changes …
First change- withdrawing money from ATM expensive
Today, if you use ATM (ATM) machine to withdraw cash from 1 May 2025, then you will have to pay more. In fact, the Reserve Bank (RBI) had given permission to increase the fees on the proposal of the National Payment Corporation of India (NPCI) in the past. In such a situation, if the customers used to withdraw money from the bank ATM of another network instead of their home bank ATM, then they will have to pay a charge of Rs 19 instead of Rs 17 on every transaction. Apart from this, on checking the balance with the ATM of another bank, instead of Rs 6, a fee of Rs 7 will be charged.
Apart from this, many big banks have started giving information about the charge on transactions after free-limit on their website. According to HDFC Bank’s website, the ATM transaction fee of Rs 21 from 1 May 2025 to Rs 21 from 1 May 2025 will now be increased to Rs 23 + tax if there is more transaction than the Free Transaction Limit. At the same time, PNB and Indusind Bank ATM will levy a fee of Rs 23 on cash withdrawal.
Second change- Railways changed these rules
The second change from 1 May 2025 is related to the Indian Railway. Actually, the Railway Ticket Booking Rule is being changed and now waiting tickets will be valid only in general coaches. Meaning you cannot travel in sleeper coach with waiting tickets. At the same time, the advance reservation period has been reduced from 120 days to 60 days.
Third change- RRB scheme in 11 states
Another big change is going to happen on the first day of May. In fact, since May 1, 2025, the ‘One State-On RRB’ scheme is proposed in 11 states of the country, which can be implemented from today. Under this, all regional rural banks in every state will be added to a big bank. This will make banking services even better and customers will get more facilities than before. This change can be applicable in other states including UP, Andhra Pradesh, Gujarat, MP.
Fourth change- FD’s interest rates cut
The policy rates were cut by the Reserve Bank of India i.e. RBI last month. After the RBI reduced by 0.50 per cent in the Repo Rate by 0.50 per cent in a row, the interest rates of all the banks were affected and many banks started reducing interest rates on their fixed deposits and all the banks decided to cut FD Interest Rate from May 1, which can be implemented.
Fifth change- 12 days of bank holiday
If you have any necessary work related to the bank in the month of May, then get out of the house only after seeing the bank holiday list released by the RBI, it should not happen that you reach the branch and the lock is seen hanging there. Actually, according to Bank Holiday List for May, banks are going to be closed for a total of 12 days due to different festivals and events in different states.