Tag: Withdrawal Limit

Mumbai: The Reserve Bank on Thursday enhanced the withdrawal limits for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank to Rs 25,000 from Rs 10,000 per account over the next six month. This is the second time the regulator has increased the withdrawal limits since its clamped down on the bank on September 23 […]

New Delhi: Bringing relief to thousands of stressed account holders of Punjab and Maharashtra Co-Operative Bank or PMC Bank, the Reserve Bank of India today raised withdrawal limit to Rs. 40,000 from earlier withdrawal limit of Rs. 25,000. “The Reserve Bank of India, after reviewing the bank’s liquidity position and its ability to pay its depositors has decided to […]