The Reserve Bank of India (RBI) has asked cooperative banks not to insist on signatures of both the joint account holders for withdrawal of a fixed deposit at the time of maturity if the account was opened with instruction that either of survivor could operate it. The RBI said in a communication to CEOs of cooperative banks. RBI had issued similar instructions to commercial banks earlier to improve customer services.
News On AIR | November 18, 2011 10:13 AM
RBI guidelines for cooperative banks to improve customer services