RBI Extends Restrictions on Pusad Urban Co-operative Bank
RBI has extended existing restrictions on Pusad Urban Co-operative Bank Ltd. by three more months, until November 7, 2026.
Restrictions on Pusad Urban Co-operative Bank are extended to this date — affected customers cannot transact freely until at least then
Key Takeaways
If you hold a savings, current, or fixed deposit account at Pusad Urban Co-operative Bank, check whether your withdrawal or transaction limits are affected by the continuing restrictions — contact the bank's branch directly for your specific account status.
If you are unable to access your funds or believe your rights as a depositor are being violated, file a complaint first with the bank, then escalate to the RBI Ombudsman via sachet.rbi.org.in.
Keep a record of any communications with the bank regarding fund access — this documentation will be required if you need to escalate to the RBI Ombudsman or seek DICGC deposit insurance (up to ₹5 lakh per depositor, as per existing rules).
RBI has extended existing restrictions on Pusad Urban Co-operative Bank Ltd. by three more months, until November 7, 2026.
Here's what happened: RBI has extended its existing restrictions on The Pusad Urban Co-operative Bank Ltd., Pusad, Yavatmal, Maharashtra for a further three months — from August 7, 2026, to November 7, 2026.. These directions were originally issued on November 6, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and have now been extended for the second time.. RBI has clarified that this extension should not be taken to mean it is satisfied with the bank's financial position — all other terms and conditions of the original directive remain unchanged..
What you should do: If you hold a savings, current, or fixed deposit account at Pusad Urban Co-operative Bank, check whether your withdrawal or transaction limits are affected by the continuing restrictions — contact the bank's branch directly for your specific account status.. If you are unable to access your funds or believe your rights as a depositor are being violated, file a complaint first with the bank, then escalate to the RBI Ombudsman via sachet.rbi.org.in.. Keep a record of any communications with the bank regarding fund access — this documentation will be required if you need to escalate to the RBI Ombudsman or seek DICGC deposit insurance (up to ₹5 lakh per depositor, as per existing rules)..
This notice directly affects account holders — savings, current, and fixed deposit customers — of The Pusad Urban Co-operative Bank Ltd. in Pusad, Yavatmal district, Maharashtra. Customers of all other banks, co-operative or otherwise, are not affected by this directive. RBI's explicit statement that it is not satisfied with the bank's financial position means depositors should monitor further RBI communications closely, as the situation remains under review.
For complaints against banks or NBFCs, our RBI complaint guide explains the free RB-IOS 2026 route.
Draft a Free RBI Complaint
Loan Kavach walks you through the RBI CMS process. No lawyer, no fee. Escalate to the RB-IOS Ombudsman if unresolved in 30 days.
Get Loan Kavach — Free →References
- [1]“Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra – Extension of Period” PRESS RELEASES FROM RBI · 4 Aug 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.