RBI allows only Rs1000 withdrawal for Punjab Maharashtra Co-Op bank customers for 6 months

[RakaKaKaka]

All my savings are in jana bank as their interest rates were very good and This made me very worried. Even if a bank closes the max liability fixed by govt in 1994 is just around 1 lakh rupees.

 

[raksrules]

All my savings are in jana bank as their interest rates were very good and This made me very worried. Even if a bank closes the max liability fixed by govt in 1994 is just around 1 lakh rupees.

Well I believe many people go to the small time or Co-Operative banks because of better interest rates but if they fold up, your money is almost gone.