RBI increases withdrawal limit for PMC Bank customers to 40,000

पीएमसी बैंक खातों की निकासी सीमा बढ़ी, 25000 के बजाय अब निकाल पाएंगे 40000

Points to Remember:

  • The RBI increased the withdrawal limit for crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank customers from 25,000 to 40,000.
  • With this relaxation, about 77% of the depositors of the bank will be able to withdraw their entire account balance.
  • The bank’s financial position has been substantially impaired due to fraud perpetrated on it by certain persons, RBI said.

RBI Policy Rates at a Glance:

  • Policy Repo Rate: 5.15%
  • Reverse Repo Rate: 4.90%
  • Marginal Standing Facility Rate: 5.40%
  • Bank Rate: 5.40%
  • CRR: 4%
  • SLR: 18.75%
Important Possible questions based on above News:
  1. As per RBI, what is the new withdrawal limit for the customers of scam- hit Punjab and Maharashtra Cooperative (PMC) Bank? 40,000
  2. What was the initial withdrawal limit set by RBI on the harried customers of PMC bank, which was subsequently raised to 10,000 and Rs 25,000 after protests? Rs 1,000



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