New Delhi: Big news has surfaced for bank account holders. If you also have accounts in several private and public sector banks, including the SBI, the country's state-owned bank, this news is for you. The bank has closed millions of current accounts, causing a lot of problems to people.
It is reported that only SBI has closed accounts of about 60,000 customers. The bank has closed these accounts on the direction of the Reserve Bank of India (RBI). According to media reports, many small businesses are facing difficulties due to the closure of their current account. State that if the customer has taken a loan from another bank, banks cannot open the current accounts of these customers. In fact, the RBI rule is aimed at monitoring cash flow and curbing fund manipulation.
RBI said that as per the new guideline, borrowers were manipulating funds by opening current accounts in several banks, which has led the bank to close the accounts of all these customers. Customers are facing a lot of trouble due to the new rbi rule. A senior official of a state-run bank told the media that thousands of accounts have been forced to close. When it comes to all banks, this figure can be in millions.
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