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Rules regarding maintenance of od and current accounts

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(Querist)
28 May 2024 Sir / Madam,

Sanctioned loan amount including od limit: INR 5 crore.

Availed loan amount including od: INR 3.5 crore.

Are we liable to close all current accounts maintained at banks other than loan sanctioning bank?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 May 2024 No problem in case of 5 crore od limit.
No need for closure.

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