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 … WebRBI latest guidelines for Current Account opening by Banks Restriction on Current Account / CC/ ODThe Reserve Bank of India (RBI) has eased the current acc...
RBI relaxes new current account norms deadline Mint
WebThis question is for testing whether you are a human visitor and to prevent automated spam submission. Audio is not supported in your browser. This question is for testing whether you are a human visitor and to prevent … 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 ... cymh cranbrook
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WebAug 12, 2024 · As per the notification, the new rules by the RBI are: 1. Henceforth, banks can’t open current accounts for borrowers who have a cash credit account with any other bank. 2. If borrowers don’t have any cash-credit account with any bank, they fall under 3 categories: a) Borrowers having less Rs 5 crore loans from banks: For companies, any ... WebJun 28, 2024 · 1. Standard Current Accounts – This type of account requires the customer to maintain a minimum monthly average balance. The account does not provide any interest on the deposited amount. However, it provides cheque book facility, debit card, overdraft facility etc. to its customers. 2. WebOct 29, 2024 · The Reserve Bank of India on Friday eased current account rules for bank exposures less than Rs 5 crore, allowing lenders to open current account, cash credit … billy joel go ahead with your own life