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IBA has assigned specific dates to withdraw money so that there are no crowds outside the branches.
Withdrawals will now be made on specific days bases on the last digit of a customer's bank account number. The new rules say that those having 0 and 1 as the last digit of their account numbers will be allowed to withdraw money on May 4. Similarly, those with 2 and 3 can take out money from their accounts on May 5. Those with 4 and 5 as last digits can withdraw on May 6.
This way, customers having 6 and 7 as the last digits of their account numbers can withdraw on May 8 while those with 8 and 9 can withdraw the amount on May 11.
This arrangement is only applicable until May 11. Post that, these restrictions will get lifted and anyone can withdraw money on any day.
Indian Banks' Association brings new rules to withdraw money during lockdown
Withdrawals will now be made on specific days bases on the last digit of a customer's bank account number. The new rules say that those having 0 and 1 as the last digit of their account numbers will be allowed to withdraw money on May 4. Similarly, those with 2 and 3 can take out money from their accounts on May 5. Those with 4 and 5 as last digits can withdraw on May 6.
This way, customers having 6 and 7 as the last digits of their account numbers can withdraw on May 8 while those with 8 and 9 can withdraw the amount on May 11.
This arrangement is only applicable until May 11. Post that, these restrictions will get lifted and anyone can withdraw money on any day.
Indian Banks' Association brings new rules to withdraw money during lockdown
