WebAug 2, 2024 · According to the RBI directive, it has to then surrender the current account. Now, to bypass this rule, the FD-OD arrangement is entered into. To maintain the current account with the same bank, the company makes an FD of Rs 105 crore with the bank, which, in turn, extends a ‘secured OD’ of Rs 100 crore. Since the bank’s exposure to the ... WebOct 29, 2024 · Photo: Shutterstock. In a relief to small-size firms, the Reserve Bank of India (RBI) on Friday relaxed rules for opening current accounts with the banking system’s …
RBI extends current account rules implementation deadline to …
WebAug 6, 2024 · This Wednesday, the Reserve of India (RBI) announces important guidelines to implement its circular on opening current accounts by banks. The Apex Bank has given … WebAug 9, 2024 · Reserve Bank of India (RBI) on August 6, 2024 vide circular no. RBI/2024-21/20 DOR. No. BP.BC/7/21.04.048/2024-21, Issued revised Guidelines on Opening Current … rcmp fingerprinting mississauga
Haryana Cashless Consolidation Portal
WebAug 7, 2024 · 4. As regards existing current and CC/OD accounts, banks shall ensure compliance with the above instructions within a period of three months from the date of … WebAug 4, 2024 · 2. The instructions were issued vide the above circulars in order to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders; and for this purpose, a graded approach had been prescribed on opening and operating of current accounts and CC/OD facilities. WebAug 4, 2024 · 2. The instructions were issued vide the above circulars in order to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the … sims 4 world of warcraft cc