RBI hikes withdrawal limit to Rs 10k in PMC Bank

RBI restricts PMC Bank’s operations, caps withdrawals at Rs 1,000

The Reserve Bank of India on Thursday increased the withdrawal limits from Rs 1000 to Rs 10,000 per bank account in the sanction-hit Punjab and Maharashtra Cooperative Bank Ltd (PMC).

The RBI in a statement said that the decision to increase the withdrawal limit came in the wake of a preliminary assessment by the Administrator on the PMC Bank’s latest depositor and liquidity profile.

Accordingly, depositors can now withdraw upto Rs 10,000, including Rs 1000 permitted earlier, of the total balance in every savings, current, or any other accounts for the next six months.

With the relaxation, it said more than 60 percent of the bank depositors would be able to withdraw their entire account balance.

The RBI said it had reviewed the position and allowed the relaxation to reduce the hardships of the depositors.

In a sudden move on September 24, the RBI had barred the PMC Bank from carrying out almost all its routine banking activities in view of certain irregularities it had detected.

It had also allowed all depositors to withdraw only Rs 1000 from any of their accounts, sparking off a major furore in banking and trading circles, and the RBI came under severe criticism for punishing the customers for the lapses of the bank management.



  1. Pingback: 사설토토

  2. Pingback: Büyük sivas haber

  3. Pingback:

  4. Pingback:

  5. Pingback: keluaran sdy

  6. Pingback: They encourage 롤 듀오 over Daman and Diu after 롤 대리 제재 yesterday.

  7. Pingback: imitation iwc

  8. Pingback: دردشة عربية

  9. Pingback: cute bulldog puppies for sale in canada

  10. Pingback: เงินด่วน สุรินทร์

  11. Pingback:

  12. Pingback: Optics for Sale

  13. Pingback: Coolsculpting

  14. Pingback: คอนโดเงินเหลือ

  15. Pingback: bitcoin evolution review

  16. Pingback: Is Bitcoin Loophole A Scam?

  17. Pingback: 토토

  18. Pingback: maha pharma europe

  19. Pingback: knockoff tag heuer watches review

  20. Pingback: replica watches

  21. Pingback: lace front wigs

  22. Pingback: montre replique

  23. Pingback: DevOps Service Provider

  24. Pingback: arvest bank

  25. Pingback: plumbing contractor Fayetteville

  26. Pingback: W88

  27. Pingback: Peter Comisar Disgraced Ex Goldman Sachs Banker Sued By Scooter Braun For Fraud.

  28. Pingback: watch replicas

  29. Pingback: white house market link

  30. Pingback: hho kits for sale/47% Fuel-Saving Plug-N-Play HHO Kit HHO generator Hydrogen kits for cars trucks

  31. Pingback: marijuana for sale on the internet,

  32. Pingback: buy dmt online canada

  33. Pingback: Henry Lever-Action X Model .45-70 Government Rifle

  34. Pingback: จํา นํา โฉนด ที่ดิน ที่ไหน ดี

  35. Pingback: dumps with pin 101 2023

Leave a Reply

Your email address will not be published.

4 × 3 =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us