new Delhi : Vodafone-Idea Telecom has now decided to close the Aditya Birla Payments Bank Limited after Vodafone's M money was closed. Vodafone-Idea has decided this month, 17 months after the start of the bank. Along with this, some employees of the bank have been transferred to Aditya Birla Group companies. The information given to the media from Vodafone-Idea said that the Board of Director has got regulatory approvals to close the business.
Idea Cellular's 49% share
Aditya Birla Payments is a joint venture between Idea Cellular and Aditya Birla Nuvo Limited. Aditya Birla Novo Ltd has 51 percent shares while Idea Cellular has 49 percent shares. This is one of the 7 payment banks running in the country. The decision on the closure of the bank raises the question of what will happen to customers' money now. It has been cleared by the bank on behalf of it.
Things to note about customers
Aditya Birla Payments Bank Limited has told its customers through the message that their deposits will be refunded. The bank has prepared for this. Aditya Birla Payments Bank will continue to work with the RBI-directed operation, so that customers have no problem in removing the deposit amount. The bank has around 20 million cash deposits.
Such extracted money
The bank said in the message sent to the customers that the customers can transfer their money to the account. For this, he can follow the process by going to the banking point near Aditya Birla Payment Bank. After 26th July, you will not be able to deposit any amount in the account. Customers can also get information by calling 18002092265. Apart from this, you can also e-mail email@example.com.