Remove Fixed Deposit or Amount in Savings Account in Punjab & Maharashtra Co-op bank. RBI has issued notification to close transactions of the bank.
If anyone has kept FD or amount in savings account in Punjab & Maharashtra Co-op bank please get it cleared urgently by tomorrow. RBI has issued notification to close transactions of the bank. Check RBI Notification here .... https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR7660792C8783F0C43B9A879200FFC032571.PDF The Reserve Bank of India (vide Directive dated September 23, 2019) has placed the Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, under Directions. According to the Directions, depositors will be allowed to withdraw a sum not exceeding ₹ 1,000 (Rupees one thousand only) of the total balance in every savings bank account or current account or any other deposit account by whatever name called, subject to conditions stipulated in the RBI Directions. Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra without prior approval in writing from the Reserve Bank, will also not be able to grant or renew any loans and advan...