Tamil Nadu villagers withdraw Rs 6 cr after bank mentions NPR as document

Many of the accounts were held by Non-Resident Indians, they said.

money, cash, rupees
Press Trust of India
1 min read Last Updated : Jan 24 2020 | 11:04 PM IST

Panic stricken residents of a predominantly Muslim village withdrew about Rs six crore from their accounts in a public sector bank last week after it put out a public notification in a Tamil daily, mentioning National Population Register among the KYC documents needed.

The Central Bank of India had put out the notification on January 11.

Police and bank officials said the people panicked as social media created a scare that the notification had been issued to 'punish' them for taking part in an anti-CAA-NRC protest recently.

They said Rs six crore had so far been withdrawn, mostly by women.

Many of the accounts were held by Non-Resident Indians, they said.

The bank has now clarified through public announcements that the notification was a routine one and the depositors' money was safe.

Shakeel, a local Congressman and social activist said the notification was published about two weeks after an anti-CAA and NRC rally was held, in which hundreds of people took part.

Bank officials said the withdrawals have come down since Friday, as people have now understood the facts.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Central Bank of IndiaNational Population RegisterTamil Nadu

First Published: Jan 24 2020 | 7:20 PM IST

Next Story