Banking Related Issue

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This query is : Resolved

DILIP KUMAR BARANWAL (Querist)
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23 July 2026 Dear Team,
I have a primary current A/c in HDFC bank from long back. Now I open a CC A/c along with CA/c in Axis Bank with a credit limit of Rs 90 Lakh. Now Axis Bank insist me to close my HDFC CA/c. I want to continue all three accounts. Kindly suggest the process along with cost for the same.
Regards,
Dilip Baranwal

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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23 July 2026 You are legally permitted to hold current accounts with non-lending banks (HDFC) alongside a CC account with a lending bank (Axis) provided your total banking system credit exposure is under Rs. 5 crores.

To resolve Axis Bank's insistence, submit a formal request citing operational necessity and offer compliance declarations or CA certificates as per RBI current account guidelines.

Keep in mind that maintaining multiple accounts will involve managing distinct Minimum Average Balance (MAB) requirements and associated bank service charges for each account.

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