Connect with us

Business

RBI banned withdrawing money from Independent Co-operative Bank

Published

4 years ago

on

Google

There is a ban on withdrawing money from Independent Co-operative Bank Ltd, Nashik, Maharashtra. The Reserve Bank of India (RBI) stayed for a period of six months. RBI said that 99.88 percent of the bank’s depositors are fully covered by the ‘Deposit Insurance and Credit Guarantee Corporation’ (DICGC) insurance scheme. Under the insurance scheme, every customer depositing in the bank can get the insurance claim amount deposited from the DICC on his deposit up to Rs 5 lakh.

RBI said, “In the current situation of the bank, the depositors will not be able to withdraw any amount from the savings or current account or any other account. Customers can settle the loan against the deposit, which is subject to certain conditions. Raising the restrictions, RBI said that the bank’s chief executive will not lend or renew any loan without the prior approval of RBI. Apart from this, they will not be allowed any investment or payment.

The bank will continue to conduct its banking business with restrictions. The central bank said that it could change the instructions depending on the situation. This restriction will remain until the financial situation improves.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending