Withdrawal limit for PMC a/c holders now Rs 10k
BY MPost26 Sep 2019 6:32 PM GMT
MPost26 Sep 2019 6:32 PM GMT
Mumbai: In a measure of relief to account holders of the Punjab and Maharashtra Cooperative (PMC) Bank, the Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for customers to Rs 10,000.
"On a preliminary assessment of the bank's latest depositor and liquidity profile as furnished by the administrator, RBI has decided, in the interest of depositors, to review the directions," the RBI said in a statement.
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