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All attempts to revive Dakor Mahila Nagarik Sahakari Bank had failed and depositors were facing inconvenience by the continued uncertainty, the RBI said in a release.
The Registrar of Co-operative Societies, Gujarat has been asked to issue an order for winding up the bank and appoint a liquidator, it said.
On liquidation, every depositor is entitled to repayment of his deposits up to a monetary ceiling of Rs 1 lakh from the Deposit Insurance and Credit Guarantee Corporation under usual terms and conditions, it added.


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