WebAug 4, 2024 · The Reserve Bank of India (RBI) said on August 4 that banks will have till October 31, 2024, to implement the current account circular's requirements. The RBI stated that banks can use the extra ... WebAug 12, 2024 · 1. Now Banks can’t open current accounts for borrowers who have a cash credit account with any other bank. 2. Banks with over 10% exposure can open CC/OD accts; other lenders can have collection accounts; but have to debit money only to CC/OD accounts of banks that have more than 10% exposure to borrower. If borrowers don’t …
RBI
WebAug 6, 2024 · As per RBI’s notification on “Opening of Current Accounts by Banks - Need for Discipline”, no bank can open current accounts for customers who have availed credit facilities in the form of ... WebJan 3, 2024 · In fact, over two decades ago in its 2000 circular, the RBI had advised banks that at the time of opening of current accounts, they should obtain a declaration from the account-holder that he is ... sjv clayhall
RBI Notification: Opening of Current Accounts by Banks
WebAug 21, 2024 · Any Bank can open the Current Account Subject to an undertaking (Undertaking that Customer shall inform bank(s) in case the exposure exceeds Rs.5 Crore) For more details, please refer to the attached document:- RBI Notification on Opening of Current Accounts by Banks – Need for Discipline. DISCLAIMER: The information … WebJul 30, 2024 · SHARE. The Kanara Chamber of Commerce and Industries (KCCI) on Friday told the Indian Banks Association that banks have gone beyond Reserve Bank of India restrictions on opening multiple accounts ... WebOct 29, 2024 · Details here. RBI tweaks current account rules for banks. Details here. 1 min read . Updated: 29 Oct 2024, 09:54 PM IST Livemint. Further, other lending banks … sutter health gould medical foundation