Case Brief
RBI has enhanced the withdrawal limit for depositors of Youth Development Cooperative Bank Limited, Kolhapur, Maharashtra, which has been under All-Inclusive Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 since January 05, 2019. The earlier withdrawal cap of ₹5,000 per depositor has been increased to ₹20,000 per depositor, with all other terms and conditions of the directive unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kolhapur, Maharashtra
- Order Date