More

    PMC Bank customers can now withdraw upto Rs 60,000 for medical emergency

    Must Read

    Railways introduce 10 new trains to Kevadiya

    First train from Pratapnagar to Kevadiya flagged off from Pratapnagar on 17th January 2021

    Health ministry: No case of post-vaccination hospitalisation reported so far

    India kicked off the largest COVID-19 immunisation drive in the world, with over a lakh vaccinations today....

    PM Modi to flag off eight trains connecting different regions of country to Statue of Unity in Kevadiya this morning

    Prime Minister Narendra Modi will flag off eight trains connecting different regions of the country to Kevadiya...

    Account holders of Punjab and Maharashtra Co-operative (PMC) Bank can now withdraw money up to Rs 1 lakh within a six-month period, stated a report.

    The new norm came as a major relief to the bank account holders as they will now be able to withdraw a sum of Rs 60,000 from the earlier limit of Rs 40,000 for the purpose of a medical emergency.

    On Wednesday morning, BJP Maharashtra Vice-President Kirit Somaiya tweeted, “PMC Bank now Rs 50,000 withdrawal (in addition to Rs 40,000) allowed for medical/educational urgency. Needy person has to apply to their branch.”

    The PMC Bank is a multi-state cooperative bank with operations in Maharashtra, New Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh and Madhya Pradesh. An alleged scam of Rs 4,355 crore in the PMC bank came to light a few weeks ago. The Supreme Court initially covered withdrawals at Rs 1,000 and then hiked it to Rs 40,000. According to reports, the PMC bank created over 21,000 fictitious accounts to hide bad loans extended to Housing Development and Infrastructure Limited, which is almost-bankrupt. The bank also under-reported its NPAs to the RBI.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Latest News

    Health ministry: No case of post-vaccination hospitalisation reported so far

    India kicked off the largest COVID-19 immunisation drive in the world, with over a lakh vaccinations today....

    Health ministry: No case of post-vaccination hospitalisation reported so far

    India kicked off the largest COVID-19 immunisation drive in the world, with over a lakh vaccinations today. Across the country, 3,352 immunisation...

    PM Modi to flag off eight trains connecting different regions of country to Statue of Unity in Kevadiya this morning

    Prime Minister Narendra Modi will flag off eight trains connecting different regions of the country to Kevadiya today through video conferencing. These...

    17 january – Know your today’s horoscope

    Aries:Your biggest asset is your sense of humour try to use it to cure your illness. Businessmen today may incur losses in...

    Approximately 79 percent vaccination at 4 centers of Vadodara district on the first day

    On the first day of covid vaccination, approximately 79% of the beneficiaries in rural areas of Vadodara district have been vaccinated.  

    More Articles Like This

    - Advertisement -