bank account closure rules

RBI New Guidelines 2026 Explained: Major Banking Changes as 3 Types of Bank Accounts to Be Discontinued

January 6, 2026 by admin

The RBI New Guidelines 2026 introduce important reforms in India’s banking system, including the decision to discontinue three specific types of bank accounts. The move is aimed at improving transparency, reducing misuse, and streamlining account structures so that customers clearly understand features, charges, and compliance requirements. These changes will directly affect millions of account holders … Read more

RBI New Norms 2026: Three Bank Account Types to Be Discontinued from January 1 – Full Details Explained

January 6, 2026 by admin

The Reserve Bank of India (RBI) has introduced new banking norms effective January 1, 2026, under which three specific types of bank accounts will be closed or phased out, a move aimed at simplifying banking structures, improving compliance, and strengthening customer protection across the financial system. Why RBI Is Closing Certain Bank Account Types RBI’s … Read more