Issuing a fresh notification Reserve Bank of India has partially modified its directive relaxing the some of the conditions imposed on Gomati Nagariya Sahakari Bank based in Jaunpur in the state of Uttar Pradesh earlier.
Now, a sum not exceeding ? 30,000/- (Rupees Thirty Thousand only) may be allowed to be withdrawn by a depositor, subject to the conditions specified in the modified directive. All other provisions of the earlier directive dated July 03, 2017 shall remain unchanged.
Also, the bank’s directions has been extended till July 10, 2018. A copy of the directive is displayed at the bank’s premises for the perusal of public.
The above relaxation has been granted with a view to reduce the hardship of the depositors and should not be construed as improvement or deterioration in the financial position of the bank. The Reserve Bank may consider modifications of the directive depending upon circumstances, read a RBI press release.
