RBI put a ban on withdrawing money from this bank, know what will happen to your deposit now?

RBI banned withdrawal of money from this bank

Let us tell you that deposits up to Rs 5 lakh are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance scheme.

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TV9 Hindi

TV9 Hindi , Edited By: Sanjeet Kumar

May 14, 2022 | 12:41 PM




reserve Bank of India (RBI) has imposed several restrictions, including withdrawal, on a co-operative bank in Maharashtra. RBI has imposed several restrictions including withdrawal on Shankarrao Pujari Nutan Nagri Sahakari Bank Limited, Ichalkaranji, Kolhapur in view of the deteriorating financial condition of the cooperative bank. After this decision of RBI, if you have an account in this bank (Bank Account) then you will not be able to withdraw money. However, 99.84 per cent of the depositors are completely DICGC Insurance Scheme ,DICGC insurance scheme) Let us tell you that deposits up to Rs 5 lakh are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance scheme.

RBI said in a statement that the restrictions will remain in force for a period of six months from the close of business on May 13, 2022 and are subject to review.

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