RBI Order: These 4 major banks will be closed from today

Reserve Bank Of India (RBI) has taken an important decision from the first day of the new year. Here is the information about the decision taken by RBI. RBI Order: These 4 major banks will be closed from today. The Reserve Bank of India, which is the central bank of the country, has canceled the license of four cooperative banks.

Check whether you have an account in these banks. RBI cancels license of Botad Peoples Cooperative Bank. It is recognized as a non-banking institution. Henceforth it cannot conduct any banking business. Botad People’s Cooperative does not accept any deposits. Unclaimed deposits and unpaid deposits can now be paid by non-members.

RBI has also canceled the license of Adarsh Mahila Nagari Sahakari Bank. It also cannot do any banking transactions further. The RBI has already issued instructions to the Commissioner and Registrar of Co-operative Societies in Maharashtra regarding the bank liquidation process.

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The RBI said that the license of Adarsh ​​Mahila Nagari Sahakari Bank was canceled due to capital shortage. RBI said that if the operation continues, it would have caused problems for the customers. The RBI has revealed that the bank’s reimbursement to customers is not sufficient and is likely to harm public interest.

But the bank has assured that there will be no problem for the customers. Under the DICGC scheme, bank customers will get a maximum of Rs 5 lakh. Under this insurance scheme, if the bank goes bankrupt, the customer will get a maximum of Rs. 5 lakh will be received.

That means in the bank those with funds up to Rs 5 lakh will get the full amount. Along with this, RBI canceled the license of The Faiz Mercantile Co-Op. Bank Nashik, Musiri Urban Co-operative Bank.