Audio Bulletin: Relief For PMC Bank Customers

26 Sep 2019 07:43 PM

Audio Bulletin: Relief For PMC Bank Customers

Updated 26 Sep 2019 07:43 PM

The Reserve Bank of India (RBI) on Thursday increased the withdrawal limit from Rs 1000 to Rs 10,000, in a relief for Punjab and Maharashtra Cooperative (PMC) Bank customers.

On a preliminary assessment of Punjab and Maharashtra Cooperative Bank Ltd (Mumbai), RBI has decided to allow the depositors to withdraw a sum not exceeding ₹10,000 of the total balance held in every savings bank account or current account or any other deposit account, the RBI said in a statement.
 


It said that the other terms and conditions of the said directive shall remain unchanged.

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