Bank Close News : Hello friends, a new problem has come up for all the bank account holders. This new problem has come only for the people who open their accounts. If you have opened your bank account in this branch, then this new problem is going to be for all of you too.
Through this article, we are going to tell you all the information about the new alert issued by the Reserve Bank of India. People who have opened accounts in such banks, their money has been lost. The Reserve Bank of India has issued a plan to cancel the license of the bank.
Important news for every bank account holder
Many such people have opened their bank accounts and have kept a lot of money in them, then after opening their bank account they do not know about any rules. But let us tell you that as per the rules of all banks by the Reserve Bank of India, if the bank license is obtained by all the account holders or if the bank is closed due to any reason, then their money will be returned only up to Rs. 5 lakhs.
The Reserve Bank of India has made a rule to return a penalty of up to ₹5 lakh to the account holder, so those who keep more money will have to keep an amount of less than ₹500000 in their bank, otherwise even if there is more than 5 lakh at the time of account closure, only 5 lakh will be refunded.
Rules on bank account
Let us inform you that an order to cancel the license of a bank in Punjab was published by the Reserve Bank of India and the Advisory Minister of Punjab.
And information is coming out that the license of Imperial Co-operative Bank of Punjab has been cancelled by the Reserve Bank of India due to the bank not having sufficient capital and funds to provide benefits.
It has been said by the Reserve Bank of India that it is harmful for the bank to continue its process and make deposits. It has also been said by the Reserve Bank of India that if the bank deposits the existing financial amount, it will be unable to make payments.
