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RBI hikes withdrawal cap to Rs 10,000 from Rs 1,000 for PMC Bank customers

The amount is the maximum one can withdraw in six months, and includes the Rs 1,000 withdrawal allowed earlier

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Some customers have filed a police complaint against senior officials of the PMC Bank at the Sion police station. BJP leader Kirit Somaiya said he filed a complaint against the bank with the Economic Offences Wing of Mumbai police Photo: KAMLESH P

Anup Roy Mumbai

3 min read Last Updated : Sep 26 2019 | 9:44 PM IST

The Reserve Bank of India (RBI) on Thursday increased the withdrawal limit for depositors in Punjab and Maharashtra Cooperative Bank (PMC) to Rs 10,000 from Rs 1,000 earlier.

“The relaxation has been granted with a view to reducing the hardship of the depositors. The Reserve Bank is closely monitoring the position and shall continue to take further steps as are necessary to safeguard the interest of the depositors of the bank,” the RBI said in a statement.

The amount is the maximum one can withdraw in six months, and includes the Rs 1,000 withdrawal allowed earlier. So the

Topics : Reserve Bank of India

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