Claims Settled
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Main claims settled during the year 2018 - 19

Sr.No.

State

Name of the Bank

Claim Sanction Date

Remarks

1

Maharashtra

Lokseva Sahakari Bank Ltd, Pune

N.A.

In-principle approval granted vide letter dated March 07, 2018 under DICGC policy on expeditious settlement of claims for payment of deposit insurance to the depositors out of liquid funds availablewith the bank subject to compliance with the provisions of the DICGC Act, 1961.

2

UP

Mirzapur Urban Co-op Bank Ltd

May 23, 2018

Settlement of main claim (15188 depositors) was done with Admissible amount of Rs. 7,16,39,958.50 and same was adjusted through Liquid Funds available with the bank.

3

Orissa

The Urban Co-oop Bank Ltd. Bhuwaneshwar

April 15, 2018

Settlement of main claim (6446 depositors) was done with Admissible amount of Rs. 15,16,59,365.17 and same was adjusted through Liquid Funds available with the bank.

4

Maharashtra

Jamkhed Merchants Co-op Bank Ltd

August 24, 2018

Settlement of main claim (6119 depositors) was done with Admissible amount of Rs. 5,20,55,232.55 and Rs. 2,82,55,232.55 was disbursed after adjusting Rs. 2,38,00,000 as Liquid Funds available with the bank.

5

Maharashtra

RajeshwarYuvak Vikas Sahakari Bank Ltd, Satara

December 12, 2018

In-principle approval granted vide letter dated Dec 12, 2018 under DICGC policy on expeditious settlement of claims for payment of deposit insurance to the depositors out of liquid funds availablewith the bank subject to compliance with the provisions of the DICGC Act, 1961.

6

Maharashtra

Shri Chhatrapati Urban Co-operative Bank Ltd.

December 14, 2018

In-principle approval granted vide letter dated March 01, 2019 under DICGC policy on expeditious settlement of claims for payment of deposit insurance to the depositors out of liquid funds availablewith the bank subject to compliance with the provisions of the DICGC Act, 1961.

7

Uttar Pradesh

Pioneer Urban Co-operative Bank Ltd

March 05, 2019

Settlement of main claims for 28382 depositors for an amount of ₹ 6,85,59,473.56 and released ₹ 3,45,33,904.31 after adjustment of surplus liquid funds of ₹ 3,40,25,569.25.