<h1>RBI Restricts Bhuj Mercantile Co-operative Bank's Activities u/s 35A; Withdrawal Limit Raised to Rs. 70,000.</h1> The Reserve Bank of India (RBI) issued directives under Section 35A of the Banking Regulation Act, 1949, to the Bhuj Mercantile Co-operative Bank Ltd., Ahmedabad, restricting its financial activities without prior approval from RBI. Initially, depositors could withdraw up to Rs. 10,000, which was later increased to Rs. 30,000 and subsequently to Rs. 70,000, with adjustments for liabilities. These restrictions, effective from April 2, 2012, are valid until April 2, 2013, and are subject to review. The directive details are displayed at the bank for public information.