Wednesday, July 9, 2014

Be selective in choice of bank, amount of FD to avoid shocks

.........However, customers of many other troubled co-operative banks are often not as lucky as they have to wait longer to get their money back. This is because the banking regulator merges a troubled bank with a sound one and depositors will have to wait for the process to be completed before they can get their money or stop worrying about its safety.  The RBI orders a moratorium when a bank's financial stability is threatened. Depositors face some restrictions on withdrawing money from their  .. 



No comments: