Current Account RBI latest notification | RBI Circular Gist | RBI Current Account Circular Oct 2021

Hi Guys, This Video covers the latest notification of RBI regarding opening of new Current Accounts and maintenance of Existing Accounts by borrowers availing CC, OD, Term Loan and for customers not borrowing at all from the banking system. Video also covers the gist of the RBI circulars released so far and my opinion in an interesting manner as to why so many notifications were required to be released :). It also talks about the shortcomings of the previous guidelines of the RBI on the matter of Current Account opening and why it was not able to serve the purpose Chapters: 00:00 Introduction to the notification 02:19 Notifications released so far and their shortcomings 09:58 For CC/OD customers; exposure less than Rs. 5 Crore 12:11 For CC/OD customers; exposure more than Rs. 5 Crore 14:26 For customers availing only Term Loan (No CC/OD) 15:01 Accounts totally exempted from this guideline 16:30 Important rule regarding loan disbursements 18:00 Ongoing monitoring by Banks Important links: 1. RBI's notification dated 29th Oct, 2021: https://www.rbi.org.in/Scripts/Notifi... 2. Our detailed video on the Current Account Notification dated 6th August 2020:    • RBI New Rules on Current Account opening |...   IMPORTANT DISCLAIMER: This Video is based on my personal views and opinions and does not, in any manner, represent the views of any organisation I work with or have worked with in the past as an employee or in any other capacity whatsoever. You are requested to consult with your financial advisor before taking any financial decisions. Thank You! Topics Covered: rbi circular gist, rbi circular, current account rbi, rbi current account, current account rbi new rules, current account rbi rules, current account rbi master circular, current account freeze rbi, rbi current account circular in tamil, current account freeze, current account freeze rbi, rbi current account circular, rbi current account circular in tamil, rbi current account rules, rbi current account notification, rbi current account closure, rbi current account discipline, rbi current account new rules, rbi current account opening, rbi current account transactions rules, rbi current account deficit, rbi current account news, rbi current account circular oct 2021, rbi current account circular 2020, rbi current account faq, rbi notification on current account, rbi notification on current account opening, rbi notification on current account closure, rbi guidelines from 1st october 2021, rbi guidelines for current account, rbi guidelines for banks in hindi, rbi guidelines on kyc