PMC case: 'Depositors can approach RBI admin for emergency withdrawals'

In an affidavit filed in the HC in response to petitions challenging the fund withdrawal restrictions, the RBI has mentioned the withdrawal ceiling at Rs 50,000 for scenarios like marriage, education, livelihood and "other hardships". On Sept 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2qtG6Vj