Sudden decision of Reserve Bank of India (RBI) and Indian Government
to place Global Trust Bank (GTB) under Moratorium has caught more
than 8.5 lakh customers of the bank unaware and shocked.

The moratorium will be effective from the close of business on
Saturday, July 24, 2004 up to and inclusive of October 23, 2004 or an
earlier date. During the period of moratorium, the depositors of the
bank will be permitted to withdraw up to Rs 10,000 rupees (US $216)
from their savings bank account or current account or any other
deposit account.

To read- Notification of Reserve Bank of India, Countdown to collapse
of GTB, What is in store for GTB customers? Clarifications issued by
RBI, Indian Goverment, you can visit:
http://www.banknetindia.com/banking/gtb.htm