New Delhi: The Reserve Bank of India (RBI) has announced relief to customers in several rules related to the account. The new rules of the current account of the bank have come into force from today itself. According to the new rules, on August 6, a circular was issued by the Reserve Bank (RBI) for commercial banks and payment banks. In this circular, some necessary guidelines were given regarding the current account, although now many accounts have been given relief from these rules.

A circular was issued by the RBI on 6 August. It was told that RBI has banned many customers from opening current accounts. Customers who have taken credit facility in the form of cash credit or overdraft from the banking system. According to this new circular of the bank, customers will have to open their current account or overdraft account in the same bank from which they are taking loans.

This rule implemented by the Reserve Bank will be applicable to those customers who have taken loans of more than Rs 50 crore from the bank. RBI said that it has been seen many times that customers take loans from one bank and open a current account by going to another bank. By doing this, there is a lot of problem in tracking the cash flow of the company. Therefore, the RBI issued a circular that no bank should open a current account of such customers, who have availed cash credit or overdraft facility from elsewhere.

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