Raise Withdrawal Limit To Rs 1 Lakh

Mumbai, July 25 | Updated: Jul 26 2004, 06:00am hrs
Investors Grievances Forum has sought hike in the ceiling on withdrawals from accounts in Global Trust Bank, which has been placed under a three-month moratorium, to Rs 1,00,000 for health, payments of fees and senior citizens.

The insurance cover was available to all the depositors and hence, Reserve Bank of India should immediately hike the current limit of Rs 10000 to Rs 1,00,000, IGF said in a release here on Sunday.