To ensure continued compliance with the new rules, all banks will regularly, and in any case at least once every six months, monitor the transaction accounts held with them.
As per the final guidelines, banks can now offer cash credit accounts to customers based on their needs without any restrictions. Further, a bank may maintain a current account or a foreign account without any restriction in the case of customers where the total exposure of the banking system to the customer is less than ₹10 crore.
In case of customers who have an exposure of more than ₹10 crore to banks, the lenders who have at least 10 percent exposure to a borrower can provide current and overdraft facilities. In cases where no bank or only one bank exceeds the 10 percent exposure threshold, the RBI has allowed the top two lenders per exposure to hold current and foreign accounts, changing the previous two-bank limit.
“Money credited to a control account shall be transferred within two working days of receipt of such money to a CC account, current account or OD account maintained with a bank in the banking system and designated by the borrower for this purpose. Any disbursement of overdraft limit from an OD account, which is in the nature of a collection account, shall be made only through the designated account,” the RBI said.
To ensure continued compliance with the new rules, all banks will regularly, and in any case at least once every six months, monitor the transaction accounts held with them.
Published on December 11, 2025
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