New Delhi, Feb. 25 -- The Reserve Bank of India (RBI) has allowed deposit withdrawals of up to 25,000 rupees per depositor, effective from 27th February 2025. In its press release, the RBI stated that this relaxation will allow more than 50 per cent of total depositors to withdraw their entire balances, while the remaining depositors can withdraw up to 25,000 rupees from their accounts. The RBI further clarified that depositors may use both the branch and ATM channels of the bank for this withdrawal, with the aggregate amount limited to 25,000 rupees per depositor or the available balance in their account, whichever is lower.

On 13th February, RBI imposed All Inclusive Directions (AID) on New India Co-operative Bank Limited, Mumbai and t...