Andhra Pradesh - Hyderabad   

Vasavi depositors can withdraw Rs. 20,000

By Our Staff Reporter

HYDERABAD, NOV.6. The Reserve Bank of India (RBI) has accorded permission to the Vasavi Cooperative Urban Bank Ltd., authorities to allow its depositors to withdraw amount not exceeding Rs. 20,000, according to the Commissioner for Co-operation and Registrar of Cooperative Societies.

A RBI directive said that the depositors could be allowed to withdraw the specified amount from the total balance in every savings, current or other deposit account by the depositor. However if such depositors were found to be having liability to the bank in any manner, either as a borrower or surety, the amount could be adjusted first to the relevant borrower account.

Printer friendly page  
Send this article to Friends by E-Mail

Andhra Pradesh

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

Call to go green this Deepavali
Wave of protest against petro price hike
Deadline for helmet use may be extended
Krishna water: TDP refutes Congress claim
PCB to act tough
Vasavi depositors can withdraw Rs. 20,000
Congress reviews membership drive
Around the City

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu