Reserve Bank of India: If you also have an account in the bank, then this is big news for you. Information has been given by the Reserve Bank of India (RBI) that this bank is going to be closed after two days. Know quickly what to do customer-
RBI Canceled Bank License: If you also have an account in the bank then this is big news for you. Information has been given by the Reserve Bank of India (RBI) that after two days i.e. on September 22, a bank will be closed. The Reserve Bank has told that any customers whose money is in this bank will not be able to withdraw money from it.
The bank will be closed on September 22,
Let us tell you that the licenses of many banks and financial institutions have been canceled so far by the RBI. At the same time, now the Reserve Bank has decided to cancel the license of another bank. After this decision of RBI, this bank will be closed from 22 September i.e. from this month.
Canceled license
In August, RBI had decided to cancel the license of Pune-based Rupee Co-operative Bank Limited. Let us tell you that after the decision of RBI, the banking services of this bank will be closed from September 22, this is important news for all the customers whose money is in this bank.
Why was the license cancelled?
The Reserve Bank has told that the bank will close its business on 22 September. After this, customers will neither be able to deposit nor withdraw their money. Apart from this, you will not be able to do any kind of financial transaction. RBI said that the bank does not have sufficient capital and further earning prospects. For this reason the license of this bank is being canceled.
Will get 5 lakh rupees
Does not comply with the provisions of Section 11(1) and Section 22(3)(d) of the Banking Regulation Act, 1949 as well as Section 56 of the Banking Regulation Act, 1949, as per the rules of the Reserve Bank. The bank has failed to comply with sections 22(3)(a), 22(3)(b), 22(3)(c), 22(3)(d) and 22(3)(e). Subject to the provisions of the DICGC Act, 1961, each of the depositors shall be entitled to receive a deposit insurance claim amount up to ₹ 5,00,000 (Rupees five lakhs).
