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 may … WebAug 6, 2024 · 3. Banks shall monitor all current accounts and CC/ODs regularly, at least on a half-yearly basis, specifically with respect to the exposure of the banking system to the …
Consolidated Circular on Opening of Current Accounts and CC
WebApr 13, 2024 · In line with the PA Guidelines, the RBI has clarified in the Notification that for PAs maintaining an account-based relationship with the merchant, the KYC guidelines of the Department of Regulation of the RBI, that is, the Master Direction - Know Your Customer (KYC) Directions, 2016 ("Master KYC Directions") 7, are applicable, and to this extent, … WebAug 4, 2024 · Following the issuance of the circular, thousands of current accounts were shut down by banks by July 31, 2024, the deadline fixed by the RBI for completing the … hillcrest nedbank branch code
RBI Extends Deadline For Complying With Current Account Rules …
WebNov 7, 2024 · Updated: 08 Nov 2024, 12:47 AM IST Gopika Gopakumar. RBI had earlier asked banks not to open current accounts for borrowers with little or no loan exposure.Mint. Under the revised circular, the ... WebAug 4, 2024 · According to the new RBI notification, banks will have to comply with the new rules related to the opening of current accounts by October 31, 2024. The circulars were … WebApr 14, 2024 · [Notification No. FEMA. 395/2024-RB dated October 17, 2024 and A.P. (DIR Series) Circular No.16 dated September 30, 2024.] In case a person responsible for any submission or filing under the provisions of FEMA, neither makes such submission/filing within the specified time nor makes such submission/filing along with LSF, such person … smart clinics ferny hills