New Delhi: Recently, RBI had imposed strict restrictions on many big banks due to irregularities. In these, even the licenses of many banks were canceled. Now account holders are getting great news. Actually, the Deposit Insurance and Credit Guarantee Corporation will pay the money to the account holders of those banks.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will make payments to eligible depositors of 17 cooperative banks, including eight in Maharashtra, in October. It is worth noting that these are the 17 Co-Operative Banks which the Reserve Bank of India (RBI) had imposed several restrictions, including withdrawals by depositors, in July in view of the deteriorating financial situation.
Deposit up to Rs 5 lakh cover
DICGC, a wholly owned subsidiary of RBI, provides insurance cover on bank deposits up to Rs 5 lakh. Of these 17 co-operative banks, eight are located in Maharashtra, four in Uttar Pradesh, two in Karnataka and one each in New Delhi, Andhra Pradesh and West Bengal.
These banks are: Co-operative Banks of Maharashtra… Sahebrao Deshmukh Co-operative Bank, Sangli Co-operative Bank, Raigad Co-operative Bank, Nashik District Girna Co-operative Bank, Saibaba Janata Sahakari Bank, Anjangaon Surji Nagari Sahakari Bank, Jaiprakash Narayan Nagari Sahakari Bank and Karmala Urban Co. There are operative banks.
According to the DICGC, payments were made to eligible depositors of Uttar Pradesh-based Lucknow Urban Co-operative Bank, Urban Co-operative Bank (Sitapur), National Urban Co-operative Bank (Bahraich) and United India Company Co-operative Bank (Nagina) in October. will go.
Karnataka Shree Mallikarjuna Pattana Sahakari Bank Regularya (Musky) and Shree Sharada Mahila Sahakari Bank (Tumkur) are also included in this list.
Eligible depositors of Ramgarhia Co-operative Bank in New Delhi, Suri Friends Union Co-operative Bank in Suri, Birbhum, West Bengal and Durga Co-operative Urban Bank in Vijayawada, Andhra Pradesh will be paid by DICGC in October. The DICGC said that the eligible depositors will have to support their claims by valid documents of identity.
