RBI Extends Restrictions on Sadbhav Nagrik Sahakari Bank

RBI has extended operational restrictions on Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, MP, by three more months until January 7, 2027.

Here's what happened: RBI has extended its regulatory restrictions on Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh, by a further three months until January 7, 2027.. These directions were originally issued on October 6, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and have now been extended for the second time.. All other terms and conditions of the original directive remain unchanged, and RBI has clarified that this extension does not signal satisfaction with the bank's financial position..

What you should do: If you hold a savings, current, or fixed deposit account at Sadbhav Nagrik Sahakari Bank Maryadit in Chhatarpur, contact the bank immediately to understand what withdrawal limits or transaction restrictions currently apply to your account.. Do not wait until January 7, 2027 — if your access to funds is being restricted in a way you believe is incorrect, first raise a formal complaint in writing with the bank's management.. If the bank does not resolve your grievance within 30 days, escalate to the RBI Ombudsman for Co-operative Banks via sachet.rbi.org.in — keep all account statements, deposit receipts, and written correspondence as evidence..

This directive affects only customers — depositors and account holders — of Sadbhav Nagrik Sahakari Bank Maryadit, a co-operative bank located in Chhatarpur, Madhya Pradesh. Customers of all other banks, including other co-operative banks, are entirely unaffected. If you are a depositor here, your funds remain insured up to ₹5 lakh per depositor under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme, even while restrictions are in place.

For complaints against banks or NBFCs, our RBI complaint guide explains the free RB-IOS 2026 route.