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RBI asks banks not to open current accounts for customers having cash credit, overdraft facilities

by Economic Times
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In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account.

This RBI asks banks not to open current accounts for customers having cash credit, overdraft facilities was originally published on https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-not-to-open-current-accounts-for-customers-having-cash-credit-overdraft-facilities/articleshow/77397475.cms

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