New Banking Rules from February 2026: SBI IMPS Fees, ICICI-HDFC Rewards and PNB KYC Deadline

From mid‑February 2026 several major Indian banks will implement revised fees, altered card benefits and a KYC update deadline, impacting routine transactions and credit‑card usage for millions of customers. 

SBI revises IMPS service charges from February 15, 2026 

Effective February 15, 2026, SBI will charge ₹2 plus GST for online IMPS transfers between ₹25,000 and ₹1,00,000. Transactions above ₹1,00,000 and up to ₹2,00,000 will attract a fee of ₹6 plus GST. 

For amounts greater than ₹2,00,000 and up to ₹5,00,000 the charge will be ₹10 plus GST. Customers should review transaction sizes to anticipate the new cost structure. 

ICICI Bank removes complimentary movie benefit on select cards 

From February 1, 2026, ICICI Bank will discontinue the free BookMyShow movie ticket offer on certain credit cards. The bank will continue to adjust reward point earnings on transport and insurance spend, but the specific movie benefit will no longer be available. 

Read More: ICICI Bank Credit Card Rule Changes Effective February 1, 2026: Will You Still Get a Complimentary BookMyShow Movie Ticket? 

HDFC Bank limits Infinia reward redemptions 

Starting February 1, 2026, HDFC Bank will cap the number of reward point redemptions on its Infinia metal credit card to a maximum of five times per month. This change applies to all existing and new Infinia cardholders. 

PNB sets KYC update deadline of February 2, 2026 

Punjab National Bank has asked customers whose KYC is due as of December 31, 2025, to complete the update by February 2, 2026. Failure to comply may result in restrictions on account operations as per RBI guidelines. 

Conclusion 

February 2026 brings revised IMPS fees at SBI, removal of a movie perk at ICICI, a redemption cap for HDFC Infinia cards and a strict KYC deadline for PNB. Customers should adjust their usage and complete required updates to avoid service interruptions. 

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