Try GOLD - Free
RBI Allows Withdrawal of ₹25k From New India Co-op Bank Accounts
The New Indian Express Vishakapatnam
|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may use the branch as well as ATM channel of the bank for this withdrawal; however, aggregate amount that can be withdrawn will be ₹25,000 per depositor or the balance available in their account whichever is lower.
This story is from the February 25, 2025 edition of The New Indian Express Vishakapatnam.
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 Vishakapatnam
The New Indian Express Vishakapatnam
AT IIM AHMEDABAD, CURIOSITY HAS AN ADDRESS
India’s ‘unicorn factory’ didn’t happen by accident; it grew from classrooms where leadership is questioned, tested, and reinvented
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
Israel warns of intensifying attacks on Lebanon
ISRAEL warned on Sunday that its military would step up its attacks against Hezbollah in southern Lebanon, a day after the Lebanese health ministry reported four people killed in an Israeli air strike.
1 mins
November 03, 2025
The New Indian Express Vishakapatnam
THE WEALTH OF MERCY
N the delicious interlude between Diwali and Dev Diwali, or Kartik Poornima, that's coming up on November 5, the thoughts of many devotees may frequently dwell on the abundance of Mahalakshmi. So, it seems appropriate to talk a little about her.
4 mins
November 03, 2025
The New Indian Express Vishakapatnam
Chessi, the Argentine prodigy compared to Messi
FOR a period of time sandwiched by the pandemic, young Indian players had a number of eye-catching performances.
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
“We prepare future leaders who can lead and create meaningful impact”
From pioneering case-based learning to building India’s ‘unicorn factory’, IIM Ahmedabad Director Prof Bharat Bhasker charts the institute’s global vision and role in shaping leaders of tomorrow
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
HOW TO MAKE SENSE OF THE IPO BOOM
INDIAN financial markets are set for another blockbuster year of initial public offerings (IPOs).
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
Covid death relief only for 500 docs' kin: RTI
ONLY 500 families of doctors who succumbed to COVID-19 during the first and second waves have been compensated by the government so far, latest RTI data has revealed.
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
Six-month deadline set to finalise heritage by-laws
TO ensure speedy and transparent approval of construction and repair works in the vicinity of the protected historical sites, the National Monument Authority (NMA) has embarked on finalising the Heritage Bylaws (HBLs) for 141 monuments.
1 mins
November 03, 2025
The New Indian Express Vishakapatnam
‘Our profitability is better than many bigger industry peers’
CANARA Bank reported a net profit of %4,774 crore in Q2 FY26, up 19% year-on-year, driven by improved asset quality and growth in advances. Yet the bank’s net interest income fell by 2% and net interest margin fell to 2.52%.
2 mins
November 03, 2025
The New Indian Express Vishakapatnam
77 foreigners among 1.1K run for J&K tourism
IN the first major event held in the Valley after the Pahalgam terror attack in April, the second edition of Kashmir Marathon 2025 was organised in Srinagar on Sunday to revive tourism and promote Kashmir as a global hub for sports and adventure.
1 min
November 03, 2025
Listen
Translate
Change font size