The central govt has said depositors of banks under moratorium like Punjab & Maharashtra Cooperative (PMC) Bank will get up to Rs 5 lakh back by the end of November, media reports say.
The government has notified the amendment to the DICGC Act. It is worth mentioning that parliament passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021 last month.
As per the notification, Rs 5 lakh would be given by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The provisions of the Act has come into force from 1st September, 2021.
Such a joke since 2 years we are struggling for our hard earned money. Saved n put as FD in bank. Cheated depositors. Zero trust on banking processes. What is the fault of the depositor. No visibility when we can withdraw our money back. Shame on RBI Shame on rules regulations n law
What about the balance amount beyond Rs 5 lakhs
Pls give Sr. Citizen the right to live with dignity give their full money back. It is their hard earned money. Pls help them don’t penalise a hard working person the right to live at this age.
Pl tell us regarding payment of city co-op bank Mumbai..
Be kind enough to update development taking place
What about balance payment after paying
Five lacs. That is not yet clarified. I would
Humbly request rbi,fm,and other depts to
Declare payment of balance payment to
Public.
K.sainath iyer.
Because of RBI’s negligence, gullible, mainly senior citizens who have put their entire life savings will now suffer for rest of their life. Central Government may please help to save their lives.
All eye wash. Neither RBI wants to come clear or spell out the true facts, such vague information is made public.
RBI is very clever to cover up its mes-deeds as no common man can question its acts.
Ultimately it is the depositors hard earned money in question and RBI is not ensuring justice to depositors who have put their life long earned hard money trusting PMC bank.
God Save the Depositors 🙏🙏
What about balance payments, I am retired teacher an widow I have no money please help ,my hard earned money
Will the 5 lakhs be given or given per card. Per pan card is so ridiculous. Current account and personal account should be treated differently
And what about the rest of the money ?
What is the time bar for those who have beyond the deposit of five lakh. Is they assured
So the balance amount which we will not be getting back is used to continue funding the wadhwans and politicians.Shame on India
What about the assets of hdil promoters and their money send abroad.
Aircraft and flats gold and malls owned by them.
Wadwans have more assets and properties than bank depositers money.
Did RBI auction the above or govt staff making money on this too.
RBI auditors houses to be raided.
Centurion bank should refund the depositers money immediately.