{"id":57890,"date":"2022-04-25T12:46:02","date_gmt":"2022-04-25T07:16:02","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?page_id=57890"},"modified":"2022-04-25T12:46:04","modified_gmt":"2022-04-25T07:16:04","slug":"exemptions-broadened-for-banks-to-open-current-cash-credit-and-overdraft-accounts","status":"publish","type":"page","link":"https:\/\/enterslice.com\/learning\/whitepapers\/exemptions-broadened-for-banks-to-open-current-cash-credit-and-overdraft-accounts\/","title":{"rendered":"Exemptions broadened for banks to open current, cash credit and overdraft accounts"},"content":{"rendered":"<p>The Reserve Bank of India, through its circular on &ldquo;opening of current accounts and Cash credit\/ overdraft accounts&rdquo; , has broadened the scope of exemptions by allowing the banks to operate inter-bank accounts and accounts of All India Financial Institutions (AIFIs).<\/p>\n\n\n\n<p>The Reserve Bank has also exempted accounts under the scrutiny by order of the Central\/ State government, courts, regulatory bodies and investigating agencies. In such cases, the customer won&rsquo;t be able to take discretionary debits. The Consolidated circular has mentioned four AIFIs: EXIM, NABARD, NHB and SIDBI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India, through its circular on &ldquo;opening of current accounts and Cash credit\/ overdraft accounts&rdquo; , has broadened the scope of exemptions by allowing the banks to operate inter-bank accounts and accounts of All India Financial Institutions (AIFIs). The Reserve Bank has also exempted accounts under the scrutiny by order of the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":57891,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exemptions broadened for banks to open current, cash credit &amp; overdraft accounts<\/title>\n<meta name=\"description\" content=\"RBI circular on \u201copening of current accounts and Cash credit\/ overdraft accounts\u201d, hasbroadened the scope of exemptions by allowing the banks.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/whitepapers\/exemptions-broadened-for-banks-to-open-current-cash-credit-and-overdraft-accounts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exemptions broadened for banks to open current, cash credit &amp; overdraft accounts\" \/>\n<meta property=\"og:description\" content=\"RBI circular on \u201copening of current accounts and Cash credit\/ overdraft accounts\u201d, hasbroadened the scope of exemptions by allowing the banks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/whitepapers\/exemptions-broadened-for-banks-to-open-current-cash-credit-and-overdraft-accounts\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-25T07:16:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2022\/04\/Exemptions-broadened-for-banks-to-open-current-cash-credit-and-overdraft-accounts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/57890"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=57890"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/57890\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/pages\/15144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/57891"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=57890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}