The Reserve Bank of India (RBI) on April 01, 2026, issued the Update on the Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025
The following has been stated namely: -
• The “Digital Payment Transaction” has been inserted under definitions namely: -
“Digital Payment Transaction shall have the same meaning as “Electronic Funds Transfer” defined in section 2(c) of the Payment and Settlement Systems Act, 2007”
• The Access to Banking Services – Basic Savings Bank Deposit Account has been inserted
• A bank shall ensure that the inventory prepared after breaking open of the locker, is as per Annex III (effective till March 31, 2026), or Annex X (effective on or after April 1, 2026 or if implemented earlier by the bank) or as near thereto as circumstances require
Instructions issued vide these Directions shall be complied with as expeditiously as possible but no later than April 01, 2026
[Notification No. RBI/DOR/2025-26/170]
