These banks are going to close in no time, withdraw your money soon
New Delhi, Nov 19 (HS): Aditya Birla Idea Payments Limited (ABIPBL) bank, which started business in February 2018, is going to consolidate its business. According to the Reserve Bank of India, the company has been approved to close its liquidation after voluntarily applying to wind up its business.
The Reserve Bank-issued a notification saying, ‘Mumbai High Court has issued an order on 18 September 2019, on the application to voluntarily liquidate Aditya Birla Idea Payments Bank Limited.’
It has been told in the RBI notification that Mumbai High Court-appointed Vijaykumar V. Iyer, Senior Director of Deloitte Touche Tohmatsu India (LLP) as liquidator for this.
In the beginning of July this year, Aditya Birla Idea Payments Bank announced to close its business. The company had said that the business was ‘impractical’ due to ‘unforeseen events’.
After this, ABIPBL gave information on the official website www.adityabirla.bank to consolidate its business through a message. In this message, the bank has written for its customers – we want to assure you that the bank has made complete arrangements for the withdrawal of your deposit.
The message available on the website further states that we request you to transfer the amount deposited in the payment bank through online/mobile banking / nearest banking point.
Along with this, the bank has given helpline number 18002092265. Apart from this, you can get information by emailing vcare4u@adityabirla.bank. However, this is not the first time that a company is consolidating its payment bank business.
Earlier, Tech Mahindra, Cholamandalam Investment and Finance Company, IDFC Bank and Telenor Financial Services have also discontinued the payment bank service. The Reserve Bank of India had issued licenses to all these companies for payment bank service in 2015.
