RBI Tightens Current Account Rules for ₹10 Cr+ Loans, Effective 2026

• RBI announced new current account rules, effective April 1, 2026, to enhance fund monitoring and credit discipline.
• Companies with total loans under ₹10 crore are exempt from the new restrictions.
• For borrowers with ₹10 crore or more in loans, only banks holding at least 10% of their total loan share can operate a full current account.
• Banks with less than 10% loan share can only open 'collection accounts' for large borrowers, allowing deposits only, with funds transferred within two working days.
• Certain accounts (FEMA, legal, government directives) are exempt, and banks must review compliance every six months.

Why It Matters: RBI tightens current account rules for large borrowers, improving financial discipline.