India, Dec. 11 -- The Reserve Bank of India (RBI) on Thursday released Amendment Directions governing the opening and maintenance of cash credit accounts, current accounts and overdraft accounts by banks, following feedback on draft norms issued earlier.
On October 1, 2025, the RBI had issued seven draft Directions covering transaction accounts of various banking categories—including commercial banks, small finance banks, payments banks, local area banks, regional rural banks, urban co-operative banks, and rural co-operative banks. The drafts aimed to rationalise existing rules and give banks greater operational flexibility in managing these accounts.
After examining stakeholder feedback, the RBI incorporated the necessary modificat...