RBI Raises Withdrawal Limit To Rs. 10,000 From PMC Bank Account Holders | Read

The Reserve Bank of India (RBI) on Thursday increased the withdrawal limit for Mumbai-based Punjab and Maharashtra Co-Operative Bank (PMC Bank) account holders. In a statement, the central bank said PMC Bank customers can now withdraw Rs. 10,000 from their account, instead of Rs. 1,000. The development comes after protests from PMC Bank customers in past two days following the RBI's move to allow the co-operative bank's customers to withdraw only a sum of Rs. 1,000 from their accounts over the next six months.