Recently, the RBI has set some limits on withdrawals from banks.
New Delhi: The country’s largest bank, the Reserve Bank of India (RBI) has announced various restrictions on the Bengaluru-based Shushruti Souharda Sahakar Bank regulator. This can be a problem for many people. Recently, the RBI has set some limits on withdrawals from banks.
The Reserve Bank of India has said that the bank will no longer be able to lend or accept deposits without the approval of the RBI. Let me tell you that RBI has also banned loan renewal. With this, the RBI has set a limit on withdrawals from banks.
The RBI said that customers will no longer be able to withdraw more than Rs 5,000 from their accounts. The RBI said in a statement that “out of the total amount exceeding Rs 5,000, the total amount cannot be withdrawn from all savings accounts, current accounts or any other account of the depositors.”
According to the RBI, the restrictions on the bank will remain in force for the next six months. The bank has been allowed to continue its banking business with the restrictions imposed until its financial condition improves.