Poor management & conduct of @AxisBank
— Praveen Malik (@Praveenmalik86) July 29, 2021
I being a reputed Current account holder bank put a freeze on my account stating the norms of central Govt that a company can operate only one account either current or limit account,for which I have shared all the docs @RBI @minmsme #UE
@ICICIBank @ICICIBank_Care @FinMinIndia - Our current account in Virar Branch is frozen despite following all instructions sent by ICICI team. This has impacted our business for past six days. We are told that this is being done to comply with @RBI guidelines. pic.twitter.com/zhonPePgs0
— Rajesh Naik (@naikraje) July 29, 2021
@RBI, @ICICIBank has blocked our current account without giving any valid reasons and locking our . We are going thru an ordeal which no one at the bank responds. Our business is standstill and we request your immediate intervention. is @ICICIBank failing? https://t.co/95K5eLlKKK
— Kanthanathan (@kanthanathans) July 28, 2021
@RBI @RBIsays @nsitharamanoffc @nsitharaman Closing Current account those has OD / CC account in bank is Bad Decision as a MSME facing bigger problems in Customs, Income Tax, and many more please consider our suggestions prior making Rules
— Vikram Talsania (@srlamproducts) July 29, 2021
@TheOfficialSBI My dad hold an current account with SBI, he was called today to branch and asked open an Savings account, staff told that if new Savings account is not opened in SBI vpuram Branch Hyderbad, then Current account will be freezed. Is this new RBI rule.
— CASuneelPerumalla (@suneelperumalla) July 27, 2021
RBI restricted the current account operations for CC/OD customers. But heavy charges and limitations are imposed by banks for these CC/OD accounts. Even for RTGS transactions done through online mode, cash remittance, etc high charges are debited. @RBI @FinMinIndia @canarabank
— Ezhilarasan (@ezhilarasan_dr) July 23, 2021
@canarabank Being your customer for the last 25 years plus disabling the current account as per new RBI guidelines of single account is to be done with a proper time frame to facilitate our credit and debit transactions.This has affected our business as day to day operations.
— GANESH NATARAJ (@GANESHNATARAJ2) July 24, 2021
@RBI All banks are crazily closing or freezing the current account of the business, without realising the consequences of negotiable instrument act .In the event any issued cheques are dishonoured because of the said action, who will take the responsibility, RBI or Bank.
— Rakesh Sharma (@RakeshS72649989) July 27, 2021
Pls repl
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
This is demo for businesses - funds frozen in current accounts till whims of pathetic babus are complied with.
I think a time has come when even MoneyLife has to weigh the pros and cons of publishing an article before hand, lest its reputation will be harmed as a magazine which just cries foul at every thing happening in the country. Beware of failing reputation - its a vicious cycled menace.
Brainless MBA’s in RBI and it’s Advisory.