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Current account News

29 Oct 2021

RBI changes current account opening rules for borrowers with exposure

Such borrowers will be allowed to open current accounts without any restriction or on provision of CC of OD facility. RBI has allowed banks to open current accounts of borrowers with credit exposure, subject to safeguard provisions. However, this provision is subject to obtaining an "undertaking from such borrowers that they shall inform the bank(s)."

banking services

07 Dec 2017

What type of bank account is good for your money? Details here

It is always better to have a knowledge about which bank account we are using.

01 Feb 2017

No limits on cash withdrawals through ATMs, current a/cs from today

In a big relief to people and small businesses, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts from Wednesday but the weekly limit of Rs 24,000 on savings bank accounts will continue.

Withdrawal limits

16 Jan 2017

Good news for small traders: Withdrawal limit from current accounts doubled to Rs 1 lakh per week

In a major boost for small traders, the Reserve Bank of India (RBI) on Monday hiked the withdrawal limit from current accounts to Rs 1 lakh per week, double from the existing Rs 50,000.

09 Feb 2015

Japan logs record-low current account surplus in 2014

Japan`s current account surplus shrank nearly a fifth to a record low $22 billion in 2014, the fourth straight annual fall, as its trade deficit swelled amid a weak yen, official data showed Monday.

13 Jan 2015

Japan posts fifth straight current account surplus in November

Japan posted a current account surplus for the fifth consecutive month in November as a weaker yen helped boost repatriated returns on foreign investment, official data showed Tuesday.

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