Question
Under the revised RBI norms, banks can maintain current
or overdraft accounts without restrictions for customers having aggregate exposure of less than which amount?ÂSolution
As per the revised RBI directions on cash credit, current, and overdraft accounts, banks are now allowed to maintain current or overdraft accounts without restrictions for customers whose aggregate exposure is below ₹10 crore. This move aims to improve fund monitoring, transaction tracking, and credit discipline, especially for business accounts. Â
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Which initiative of Ministry of Agriculture won Platinum Award (1st) in the Digital Empowerment of Citizens Category?
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