Friday, 26 February 2021

Yet another bank on RBI restriction, depositors can’t withdraw more than Rs 50,000 of total balance across all accounts

Zee News Considering the bank's present liquidity position, a sum not exceeding Rs 50,000 of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but bank is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions. https://ift.tt/eA8V8J February 26, 2021 at 05:12PM Considering the bank's present liquidity position, a sum not exceeding Rs 50,000 of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn, but bank is allowed to set off loans against deposits subject to the conditions stated in the above RBI Directions.

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