I have one SB account and two RD accounts in a cooperative bank in Delhi. RBI has put the bank under directions since September, 2015. We did not get any prior information. Now I cannot withdraw amount from my account. It is learnt that RBI has taken action in view of NPAs.
My query is as an account holder what are my rights. Whether I will get my deposit or not. What can be done by me to protect my money.
I C Naik
Your only right was to get interest and refund of deposit on maturity. both these rights are suspended because of mismanagement of directors. now you have to wait till bank depositors are returned the deposit of an amount not exceeding one lac per depositor or less if the deposit amount is less than Rs 100000.
