Is there any guidelines issued by RBI regarding closing of 9 banks such as ANDHRA, UCo, IOB, United bank etc and withdraw of Rs. 1000 only from account in coming six months.
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Closing of banks.
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That was for PMC bank customers only and not for any other banks. The limit has been increased to Rs. 10,000/-
It is for PMC Punjab & Maharashtra Bank only. The limit has since been increased to 40000/-
Banks you mentioned are not closed but they are being merged with bigger bank. The merger is under process .
Banks you mentioned are not closed but they are being merged with bigger bank. The merger is under process .
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