A depositor cannot withdraw more than Rs. 1 lakh on medical ground and in other cases the maximum ceiling is Rs. 50,000/- from the date the directions are imposed till the bank is either taken under liquidation or the directions are withdrawn, reads a notice by the PMC Bank which has been under the scrutiny of govt agencies as well as media.
The customers eligible as per above norms may approach the respective branch for completing the formalities. Please note that the deserving applications shall be submitted for approval.
As guided earlier, the Hardship limits remain unchanged i,e Marriage/Education/Livelihood for SR. Citizen—Rs.50000/- Medical Assistance —-Rs.1,00,000/-(Maximum)
A customer who has withdrawn Rs.40000/-from his/her account as per the relaxations sanctioned by RBI can still apply under Hardship. He/she shall get eligible Hardship amount subject to proper document in case of Marriage / Education/ Livelihood for SR.Citizen.
But if a Customer has already withdrawn Rs.40000/- and is now applying for Hardship under Medical assistance then he/she is eligible to get upto Rs.60000/- (subject to proper documentation).
Alternatively, customers who have already availed withdrawal under Hardship purpose upto Rs.50000/- are eligible for additional normal withdrawal of Rs.40000.
In short, Under any circumstances the withdrawal from all the accounts towards all the withdrawal + Hardship reasons A depositor cannot withdraw more than Rs. 100000.
The customers are requested to approach their respective branches accordingly.