February 2026 bank changes: These rules are changing as SBI, HDFC Bank, ICICI Bank and PNB revise charges and card benefits
Among the key changes, SBI will revise service charges on certain IMPS transactions from February 15, 2026.
For online IMPS transfers above Rs 25,000 and up to Rs 1 lakh, customers will be charged Rs 2 plus GST.
Transactions exceeding Rs 1 lakh and up to Rs 2 lakh will attract a fee of Rs 6 plus GST, while transfers above Rs 2 lakh and up to Rs 5 lakh will cost Rs 10 plus GST.From February 1, 2026, ICICI Bank will discontinue the complimentary movie benefit offered via BookMyShow on select credit cards.
At the same time, the bank will continue and fine-tune reward point earnings on transport and insurance spends across several popular card variants.HDFC Bank will also introduce changes to its credit card programme from February 1, 2026.
The bank will revise reward point redemption rules for its Infinia metal credit card, limiting redemptions to a maximum of five times per month.
“With effect from February 1, 2026, reward points on your Infinia credit card can be redeemed up to a maximum of five times per month,” the HDFC Bank website said.Punjab National Bank has issued an alert urging customers to update their Know Your Customer details in line with RBI guidelines.
PNB has asked customers whose KYC is due as of December 31, 2025, to complete the update by February 2, 2026, warning that failure to do so may result in restrictions on account operations.
