Do Banks Violate RBI Rules by Redeeming Fixed Deposits on Holidays?

Shivaprasad Laxman Chhatre , Last updated: 19 August 2025 Share Follow on Google News

Banks credit such amounts to your SB/CD account with it or with another bank, by electronic transfer. To justify its action for knowingly defying directions of the banking Regulator, these banks have put forth absurd arguments, made fraudulent statements.) What prompted me to write on this subject:

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About the Author

Shivaprasad Laxman Chhatre

Ex Chief Ethics and Compliance BNP Paribas

Ex Group Head Ethics and Compliance BNP Paribas, Kotak Mahindra Bank, ICICI Bank, PSU Banks, Ex- CEO FIMMDA, Practical ex-Banker 35 years of supervisory level banking experience which includes the experience as Group Head of Compliance of an MNC Bank, 15 years in Bank Treasury amp; Securities Market (in New Private ... Read more

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