Reserve Bank Of India: A major decision has been taken by the Reserve Bank of India (RBI Update on Banks) regarding banks. If you also have an account in the bank, then now you will not be able to withdraw more than Rs 5000 from your account.
This has been told by issuing a circular from the Reserve Bank. RBI takes many major decisions from time to time keeping in view the condition of the banks. Let us tell you that now on which banks RBI has banned and why.
Will be able to withdraw only 5000 rupees from the account
Reserve Bank has imposed many restrictions on certain co-operative banks in view of their worsening economic condition. This action has been taken against 5 banks, out of which customers of 2 banks can withdraw only up to Rs 5000 from their accounts. Please tell that this ban will remain in force for the coming 6 months.
Which banks are banned?
RBI has imposed restrictions on Urvakonda Sahakari Municipal Bank, Urvakonda (Ananthapur District, Andhra Pradesh) and Shankarrao Mohite Patil Sahakari Bank, Akluj (Maharashtra) Bank, due to which withdrawal of only Rs. will be able to do.
Bank will also not be able to give loan, apart from this, these banks will not be able to renew any kind of loan or advances. The bank will also not be able to make any kind of investment. Also, both the banks will not be able to enter into any agreement or sell or transfer their property.
RBI issued circular
In the circular issued by RBI, it has been told that banks will continue banking business with restrictions till their economic conditions improve. Whereas, due to the current cash position of HCBL Sahakari Bank, Lucknow (Uttar Pradesh), Adarsh ​​Mahila Nagari Sahakari Bank Maryadit, Aurangabad (Maharashtra) and Shimsha Sahakari Bank Regular, Maddur, Mandya (Karnataka), customers of these banks may withdraw Rs. Will not be able to withdraw.
Customers will get 5 lakh
RBI said that the eligible depositors of the five co-operative banks will be entitled to receive deposit insurance claim amount up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation.
