New Delhi, Feb. 24 -- The Reserve Bank of India (RBI) has permitted depositors of New India Co-operative Bank to withdraw up to Rs.25,000 from Thursday, February 27 onwards.

Each depositor can withdraw up to Rs.25,000, as per the directive issued by RBI on Monday, February 24.

The new directive will enable more than 50 per cent of New India Co-operative Bank depositors to withdraw their entire money.

"The Reserve Bank, after reviewing the bank's liquidity position in consultation with the Administrator, has decided to allow a deposit withdrawal of upto Rs.25,000 (Rupees Twenty Five Thousand only) per depositor, with effect from February 27, 2025," the central bank said.

"With above relaxation more than 50 per cent of the total deposit...