August 13, 2024 6:38 AM
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RBI directs NBFCs to return full cash deposit within first 3 months in case of emergency
The Reserve Bank has directed non-banking financial companies - NBFCs to return 100 percent of deposit amount within the first three months, if the depositor seeks the withdrawal citing an emergency like medical expenses or natural calamity. In a statement, RBI said, no interest will be paid for suc...