New Delhi, Dec. 12 -- The Reserve Bank of India (RBI) on Thursday released the final set of guidelines governing transaction accounts across banks and regulated entities, following extensive stakeholder feedback on the draft directions issued on October 1, 2025.

The seven draft directions-covering commercial banks, small finance banks, payments banks, local area banks, regional rural banks, urban co-operative banks and rural co-operative banks-had proposed a rationalised, principle-based framework for opening and operating cash credit (CC), current and overdraft accounts.

Following review of industry comments, the RBI has incorporated several modifications and issued corresponding amendment directions for each category of regulated enti...