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Reserve Bank officers have Rs 105 crore fixed deposit in PMC Bank

The RBI has said the depositors of the PMC bank would not be allowed to withdraw more than Rs 1,000 from a savings account, current account, or any other deposit account for six months

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PMC Bank's Fort Branch (Photo: Kamlesh Pednekar)

3 min read Last Updated : Sep 26 2019 | 9:49 PM IST

Among the many depositors hit by the curbs placed on the beleaguered Punjab and Maharashtra Cooperative Bank (PMC) are some employees of the Reserve Bank of India (RBI).

The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.

The RBI has said the depositors of the bank would not be allowed to withdraw more than Rs 1,000 from a savings account, current account, or

Topics : Reserve Bank of India Maharashtra Cooperative banks cooperative banks

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