Following restrictions imposed by the Reserve Bank of India on the Dehradun Urban Cooperative Bank, nearly 9,000 account holders have been left anxious as all financial transactions have been barred for six months from February 10, 2026. The move has frozen withdrawals from savings, current, recurring and fixed deposit accounts, leaving crores of rupees inaccessible.
Customers who gathered at the bank expressed deep concern, saying their lifetime savings are locked in FDs, while traders are unable to make payments to suppliers, severely disrupting business operations.
Some account holders questioned why alleged irregularities dating back to 2013–14 surfaced only now despite annual audits. They have urged the state government and cooperation authorities to probe NPA accounts and recover dues, alleging that certain influential borrowers received loans without adequate guarantees.
Bank Chairman Mayank Mamgain termed the RBI action “temporary,” assuring customers that operations will resume once fresh guidelines are received.