Co-Operative Banks In India: In view of the deteriorating condition of 17 co-operative banks, the Reserve Bank of India had imposed several restrictions, including withdrawals by depositors, in July. After this, now the Deposit Insurance and Credit Guarantee Corporation i.e. DICGC has said that in the month of October, the eligible depositors of 17 co-operative banks of the country including 8 in Maharashtra will be given their payment.
These are the banks of UP
According to the DICGC, the eligible depositors of Uttar Pradesh-based Lucknow Urban Co-operative Bank, Urban Co-operative Bank (Sitapur), National Urban Co-operative Bank (Bahrich) and United India Company Co-operative Bank (Nagina) will be made in October. . Karnataka Shree Mallikarjuna Pattana Co-Operative Bank Regularya (Musky) and Shree Sharada Mahila Co-Operative (Tumkur) Bank are also included in this list.
1 bank from Delhi, Andhra and P. Bengal
Let us tell you that the 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.
Insurance of Rs 5 lakh
It is to be known that under the DICGC insurance scheme, money deposited inside banks is insured for an amount up to Rs 5 lakh. In case of bank insolvency or cancellation of license, depositors are not at risk of losing their money.
These are banks, see list
Of these 17 co-operative banks, 8 are located in Maharashtra, 4 in Uttar Pradesh, 2 in Karnataka and 1 each in New Delhi, Andhra Pradesh and West Bengal. 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 Co-Operative Bank, Anjangaon Surji Nagri Co-Operative Bank, Jaiprakash There are Narayan Nagri Co-Operative Bank and Karmala Urban Co-operative Bank.
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