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2 More Co-operative Societies Failed

Shankarrao Pujari Nutan Sahakari Bankcooperative societycooperative bankscooperative banks failed in maharashtraHarihareshwar Sahakari Bankrbidicgcdeposit insurance and credit guarantee corporationreserve bank of india2 more cooperative banks failedwhat is a cooperative bankcoopeative bank in india

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About This Video :-
this is a youtube shorts video on how 2 cooperative societies of maharashtra failed and how dicgc will pay back the deposited money back to customers.
RBI's deposit insurance arm to pay depositors of two co-operative banks in August.
The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank and Harihareshwar Sahakari Bank by next month. DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits.
Depositors of the two Maharashtra-based banks will get the amount credited to the alternate bank account specified by them, or on their consent, to their Aadhaar-linked bank account
Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular.

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