Bad news! You can't withdraw more than Rs 35,000 from this bank now
In some very bad news for bank account holders, RBI has ordered that no more than Rs 35,000 of the total balance can be withdrawn henceforth. Yes, the customers of Sri Gururaghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka will not be able to withdraw more than Rs 35,000 from their savings bank or current account or any other deposit account!
RBI clarified that the orders do not mean that the banking license of Sri Gururaghavendra Sahakara Bank Niyamitha has been revoked. Source - Reuters.