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