RBI asks banks not to open current accounts for customers having cash credit, overdraft facilities

In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-not-to-open-current-accounts-for-customers-having-cash-credit-overdraft-facilities/articleshow/77397475.cms