.Divya Delhi:  New India Co-operative Bank, Mumbai, will give qualified account holders a maximum of Rs 5 lakh, regardless of the deposit size. But this will only happen until the Reserve Bank of India (RBI) permits complete repayment.RBI told New India Co-op Bank to stop all banking for now. The RBI has given New India Co-operative Bank Limited, Mumbai, several orders. RBI directed that the bank will not, without prior approval of  in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of its properties or assets except as notified in the  Direction dated 13, 2025.The RBI said, "These orders are needed due to supervisory worries from the bank's recent material developments and to protect depositors."The eligible depositors would be entitled to receive deposit insurance claim amount of their deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) in the same capacity and in the same right, from the Deposit Insurance and Credit Guarantee Corporation  as applicable under the provisions of thet, 1961, based on submission of willingness by the depositors concerned and after due verification. The RBI circular said, "Depositors may contact bank officials for info."The  covers up to Rs 5 lakh per depositor, per bank, including principal and interest. This limit applies evenly across all forms of deposits, including savings accounts, fixed deposits, current accounts, and recurring deposits. If a bank goes bankrupt, depositors are insured up to Rs 5 lakh, protecting their savings. But this protection is nevertheless a worry for high-net-worth people and companies with large deposits.RBI stated the rules will be in effect for 6 months after company closes and will be reviewed subsequently.