Overdraft & Escrow AC opened same bank any guide line from RBI
This query is : Resolved
12 October 2021
We have laredy OD Ac in A Bank now from last two month we have opened Escrow AC in A bank also. Now A bank send a letter to closed Escrow AC which already in A bank.
Bank refer RBI guideline. My query any such guidling from RBI
L D Dharmadhikari
We have laredy OD Ac in A Bank now from last two month we have opened Escrow AC in A bank also. Now A bank send a letter to closed Escrow AC which already in A bank.
Bank refer RBI guideline. My query any such guidling from RBI
L D Dharmadhikari
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12 October 2021
RBI guidelines.
The restriction applies to borrowers in case they avail of CC/OD facility since all operations that can be carried out from a current account can also be carried out from a CC/OD account as banks in a CBS environment follow a one-bank-one-customer model as against a one-branch-one-customer model.
RBI guidelines.
The restriction applies to borrowers in case they avail of CC/OD facility since all operations that can be carried out from a current account can also be carried out from a CC/OD account as banks in a CBS environment follow a one-bank-one-customer model as against a one-branch-one-customer model.
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