Restriction on cash withdrawal from the PMC bank - Legality and ...

Court Upholds Legality of RBI's Cash Withdrawal Limits for PMC Bank to Address Depositor Hardships.

January 6, 2020

Case Laws Indian Laws HC

Restriction on cash withdrawal from the PMC bank - Legality and validity of directives issued by the RBI - The RBI has acted fairly, justly and reasonably in revising the limits on withdrawal from time to time. When the first limit of ₹ 1,000/- was placed, the RBI was aware of the hardship and difficulty of depositors. In a timely manner, it has stepped in to enhance the limit and which is now enhanced as aforenoted.

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Restriction on cash withdrawal from the PMC bank - Legality and ...

Court Upholds Legality of RBI's Cash Withdrawal Limits for PMC Bank to Address Depositor Hardships.

January 6, 2020

Case Laws Indian Laws HC

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