If you are a customer of Bank of Baroda (BOB) or any bank in the country, an important announcement has surfaced regarding significant changes in the banking sector starting in 2026. The Reserve Bank of India (RBI) and the bank’s management have released new guidelines under the BOB Rules Update 2026, emphasizing customer security and convenience.
These updates promise to enhance your money’s safety while simplifying banking processes. This article will detail the two major updates that will affect your finances and provide crucial insights for all account holders. Make sure to read till the end for complete information.
What is BOB Rules Update 2026?
The Bank of Baroda has introduced the BOB Rules Update 2026, focusing primarily on digital security and account management. The most notable changes coming into effect from January 1, 2026, pertain to cheque books and minimum balance requirements.
The government and RBI aim to create a completely transparent banking system to prevent fraud. To achieve this, banks will adopt new digital protocols by revising older regulations.
BOB Rules Update 2026 Overview
- Bank Name: Bank of Baroda (BOB) and others
- Update Name: BOB Rules Update 2026
- Effective Date: January 1, 2026
- Main Changes: Cheque book regulations and security updates
- Beneficiaries: All bank account holders
- Department: Banking and Financial Services (RBI)
- Official Website: bankofbaroda.bank.in
Update 1: Mobile Number Mandatory for Cheque Book Issuance
Starting in 2026, Bank of Baroda will require account holders to have their mobile number updated to receive a Personalized Cheque Book. Customers without a registered mobile number will not be able to apply for a new cheque book.
This measure is implemented to combat banking fraud. Customers will receive SMS alerts anytime a cheque is issued or presented for clearing, significantly reducing the risk of fraud through forgery.
If your mobile number is not linked to your bank account, you should visit your nearest branch to update this information immediately. This regulation is also expected to be enforced by several other major banks.
Update 2: Strict Rules for Inactive and Dormant Accounts
The second significant update pertains to customers who have not engaged in any transactions for an extended period. According to the new RBI Guidelines 2026, accounts showing no activity for the last 12 months will be classified as ‘inactive’.
Additionally, accounts that remain dormant for two years will be categorized as Dormant, leading to the suspension of digital transactions and ATM withdrawals. To reactivate such accounts, customers must complete the KYC (Know Your Customer) process again.
This initiative aims to prevent the misuse of bank accounts and enhance security. The bank highlights that dormant accounts present the highest risk of fraud, hence the decision to enforce these strict measures.
Other Reliefs and Changes for Customers
While the updates bring tighter regulations, there is also good news. Bank of Baroda plans to ease the Minimum Balance Penalty on some of its Saving Account plans. Penalties for maintaining low balances will be reduced from now on.
Additionally, senior citizens will enjoy a slight increase in interest rates on Fixed Deposits (FD). Post the 2026 budget, customers may also see some relief in processing fees for home loans and personal loans, benefiting everyday consumers significantly.
To further enhance digital banking security, the bank will incorporate new features in its BOB World app, including ‘one-tap block’ and ‘AI-based fraud detection’, ensuring your digital wallet remains safe.
How to Comply with These Rules?
- First, ensure your account has updated KYC details and is linked to your Aadhaar card.
- Register your current mobile number with the bank without delay.
- Engage in small transactions (like UPI or ATM withdrawals) at least once every three months.
- Use the bank’s mobile app or net banking to request your cheque book.
By following these simple steps, you will not only adhere to the bank’s new regulations but also avoid potential banking inconveniences in the future. Bank of Baroda is proactively informing its customers about these updates through SMS alerts.
Conclusion
The BOB Rules Update 2026 introduces crucial changes that prioritize both security and convenience for customers. By adapting to these updates, you can ensure your banking experience remains smooth and secure. Stay informed and take the necessary steps to comply with these regulations to safeguard your finances.
Frequently Asked Questions
What is BOB Rules Update 2026?
BOB Rules Update 2026 refers to the new guidelines released by Bank of Baroda and RBI focusing on enhancing digital security and managing accounts effectively from January 1, 2026.
Why is a mobile number mandatory for cheque book issuance?
A registered mobile number is required to prevent fraud, as customers will receive instant SMS alerts whenever a cheque is issued or presented for clearing.
What happens to inactive accounts under the new guidelines?
Accounts with no transactions for 12 months will be categorized as inactive, and those dormant for two years will lose transaction capabilities until reactivated through KYC compliance.
Are there any penalties for low balances in savings accounts?
Yes, the penalties for maintaining low balances in some savings account plans are being reduced, benefitting account holders.
How can I update my mobile number with the bank?
To update your mobile number, visit your nearest Bank of Baroda branch and provide the necessary information for registration.
