Bank Account will be closed if it exceeds Rs 30,000 RBI gave big information.
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Bank Account will be closed if it exceeds Rs 30,000 RBI gave big information. Bank Account RBI: RBI has given an update on the viral news of keeping more than a fixed limit in the bank account. It is being claimed in a news that the Governor of Reserve Bank of India has made an important announcement regarding bank accounts that if any account holder has more than Rs 30,000 in his account then his account will be closed. This news is wrong. No such order has been issued by RBI.
Explain that PIB has made a tweet after the misleading video of RBI Governor Shaktikanta Das went viral. In this the viral video has been misquoted.
Ignoring the rules of the Reserve Bank has taken a heavy toll on another bank. The Reserve Bank of India (RBI) has imposed a penalty of Rs 60.20 lakh on The Bihar State Co-operative Bank Limited, Patna for violation of regulatory provisions. RBI has made strict rules regarding the day-to-day functioning of banks and the Reserve Bank keeps on reviewing the functioning of private, government and cooperative banks of the country from time to time. Meanwhile, a case of violation of rules has come to the fore on behalf of Bihar State Cooperative Bank Limited of Patna.
suspicion of suspicious transaction
RBI said in the statement that the inspection done by NABARD after the financial year 2019-20 has revealed the ongoing disturbances in this bank. NABARD probe revealed that the co-operative bank had failed to install software to flag suspicious transactions and report them. Apart from this, the statutory information was also not given by the bank within the stipulated time. Explain that the Reserve Bank has issued instructions to make banks technically strong to get information about suspicious transactions, under this banks get information about suspicious transactions with the help of software and keep a close watch on fraud.Bank Account will be closed if it exceeds Rs 30,000 RBI gave big information.
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