Milind Phanse
We have 2 Fixed Deposits maturing in March 2015 & also savings account in CKP Co-Operative Bank Thane.
As any other CKP bank account holder, I am also worried about my money. Is there any other way than waiting for RBI to resolve this issue asap.
I C Naik
Bank Deposits are insured up Rs 1 lac. Till RBI take steps to pay the Insurance money nothing can be done.
our govt is totally bogus.
forget this 1 lakhs saftey from dicgc, insurance of govt.
case are panding from 14 years, yet investors didnt got their money … and ckp has passed only 2.5 years… wait till u die.. but u wont get money, this is india.
read article from link given
1. Which banks are insured by the DICGC? (THIS IS THE BIG QUESTION, AS EVERY YEAR MORE THEN DOZEN BANKS GO FOR CLOSURE just because INDIAN LEGISLATURE not implementing strict laws, and it’s hard to beleve if it’s not coming in their notice from 14+ years.
DICGC claim that investment up to 100000 are insured but in REALITY its all humbug, as claims are not settled from last 14 years… and DICGC is simply throwing send in Indian people.
hapless-depositors-of-urban-co-operative-banks… easy implementation are mentioned here (http://www.moneylife.in/article/hapless-depositors-of-urban-co-operative-banks/35086/57414.html )
What needs to be done to protect the hapless depositors of these banks?