The Gujarat Industrial Co-Operative Bank Ltd has gone into liquidation w.e.f. 11.11.2011. DICGC under its E-governance policy has selected GICB for its pilot project for the first time in the country. Under this project the claim amount of the depositors will be directly credited to their respective bank accounts with any bank having NEFT facility.
This will also substantially reduce the time taken to settle the claims of the depositors
after the same is sanctioned by DICGC. In the earlier system the process could take 6 to 8
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