Try GOLD - Free
RBI allows withdrawal of ₹25k from New India Co-op Bank accounts
The New Indian Express Vellore
|February 25, 2025
AFTER putting restrictions on withdrawal from New India Co-operative Bank, the Reserve Bank has decided to allow depositors of the bank to withdraw up to ₹25,000 per depositor with effect from February 27, 2025.
With this relaxation, over 50% of depositors will be able to withdraw their entire balances. In a circular on Monday, the RBI said the depositors may use the branch as well as ATM channel of the bank for this withdrawal; however, aggregate amount that can be withdrawn will be ₹25,000 per depositor or the balance available in their account whichever is lower. The RBI on February 13 had imposed an All Inclusive Directions (AID) on New India Co-operative Bank, Mumbai, and the bank w
This story is from the February 25, 2025 edition of The New Indian Express Vellore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Vellore
The New Indian Express Vellore
'Global stability pillar': £350 mn missile deal part of deepening ties with the UK
INDIA and the UK on Thursday cemented a new phase in their evolving relationship, unveiling a wide-ranging set of agreements across trade, defence, education and technology, as prime ministers Narendra Modi and Keir Starmer expressed a strong commitment to build on the momentum of the Comprehensive Economic and Trade Agreement (CETA) signed in July and highlighted a deepening strategic alignment amid shifting global power dynamics.
1 min
October 10, 2025
The New Indian Express Vellore
PM calls Trump, hails Gaza truce, discusses trade
PRIME Minister Narendra Modi on Thursday held a phone conversation US President Donald Trump, congratulating him on the announcement of the Gaza ceasefire deal and reviewing the status of bilateral trade negotiations.
1 mins
October 10, 2025
The New Indian Express Vellore
Pushed out by tigers, leopards stray into human dwellings in U’khand
A growing tiger population in Uttarakhand is creating tension in the forests, not just among humans but also among wildlife.
1 mins
October 10, 2025
The New Indian Express Vellore
Coldrif deaths: Pharma firm owner arrested, two govt officers suspended
G RANGANATHAN, the 75-year-old proprietor of Sresan Pharmaceuticals, was arrested in Chennai on Thursday morning for allegedly manufacturing the Coldrif cough syrup linked to the deaths of 22 children in Madhya Pradesh.
1 min
October 10, 2025
The New Indian Express Vellore
A NOBEL WIN INDIA MUST TAKE NOTE OF
HE 2025 Nobel Prize in physiology or medicine could not have come ata more relevant time for India.
1 mins
October 10, 2025
The New Indian Express Vellore
Aadhav moves HC for quashing FIR over X post
REMAINING elusive for days after the Karur stampede, TVK general secretary for election campaign management Aadhav Arjuna has moved the Madras High Court praying for quashing the FIR registered against him by the Cyber Crime wing of Greater Chennai Police on his social media post allegedly calling for Nepal-like uprising against the state government.
1 min
October 10, 2025
The New Indian Express Vellore
SC directs legal help to the 3.66 lakh SIR exclusions
THE Supreme Court on Thursday asked the Bihar State Legal Service Authority (BSLSA) to issue directions to its district-level bodies for assisting 3.66 lakh voters excluded from the final electoral rolls in filing appeals with the Election Commission.
1 min
October 10, 2025
The New Indian Express Vellore
Literature Nobel for master of the 'long-form'
LASZLO Krasznahorkai, a Hungarian novelist known for protracted sentences — some of which run into hundreds of pages — and whom a fellow writer termed “master of the apocalypse”, was awarded the Nobel Prize for literature on Thursday.
1 min
October 10, 2025
The New Indian Express Vellore
Communication Matters: Helping Patients Cope with Sexual Side Effects
Effective communication is essential in helping patients cope with sexual side effects related to depression and its treatment.
1 min
October 10, 2025
The New Indian Express Vellore
Court relieves retired judge serving as interim admin of Siddha hosp for 19 years
HOLDING that the long continuance of interim administrators of societies or institutions would offend the spirit of democracy, the Madras High Court has directed a retired judge of the court to relinquish the duties of administering a Siddha hospital after 19 years.
1 min
October 10, 2025
Listen
Translate
Change font size