“I am facing a major financial crisis. I had accounts in other banks, too, which I transferred to this bank a few years ago. Little did I know that my family members — mother, sister, husband, sister-in-law and father-in-law — and my life savings will be frozen like this. The Reserve Bank of India first curbed the withdrawal limit for account holders to `1,000 and later increased it to `10,000 and then `25,000 per person. But that amount can be withdrawn only once in six months. How am I expected to survive without money? Should I mortgage my house now? Why is there a cap on my own hard-earned money? I have been diligently paying income tax, so why am I suffering today? A circular was recently released that we can withdraw `50,000 to one lakh in case of children’s education or medical emergency. A family member was critical, but we couldn’t afford to hospitalise her. We have now hired a home nurse to tend to her. Besides, none of our credit or debit cards are working.” -Nupur told TOI in an interview.
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“With no money at home and all our accounts frozen, I was left with no option, but to sell off my jewellery. I had to, in fact, borrow `3,000 from a fellow actor. Another one transferred `500 for my commute. So far, I have borrowed `50,000 from friends. There is no clarity when the problem will be resolved and we are scared that we will lose our money” -Nupur adds further.
She also shares that she is unable to even apply for loan because of the collapse of PMC. Nupur adds, “The worst part is, I am not even eligible for a loan anymore. The moment I say that my accounts were in PMC Bank, even the telecallers hang up.”
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In the latest update on PMC case...
Mumbai (Maharashtra) [India], Oct 9 (ANI): Mumbai's Esplanade Court has sent former chairman of the Punjab and Maharashtra Co-operative (PMC) Bank, Waryam Singh and Housing Development Infrastructure Limited (HDIL) directors, Sarang Wadhawan and Rakesh Wadhwan, to police custody till October 14.
Scores of PMC Bank account holders on Wednesday staged a protest in front of the Esplanade Court here.
The protestors demanded imprisonment for Sarang and Rakesh Wadhwan.
"We demand that the HDIL directors should get jail, not bail today in the court. Because of them, we have lost our money. We all have gathered here to make sure they don't get bail in the matter. The government is encouraging us to join digital India but how can we join it when our money in the banks is not safe," Anita Lohia, one of the protestors told ANI.
"The withdrawn limit of Rs 25,000 is nothing. My two sons are studying CA and I need lakh of rupees to pay their fees. So how will I manage the festive season and their fees? We want them to get jail and they should not abscond from the country like Vijay Mallya," Hariom Rai, another protestor said.
PMC Bank is a multi-state scheduled urban cooperative bank with operations in Maharashtra, New Delhi, Karnataka, Goa, Gujarat, Andhra Pradesh, and Madhya Pradesh. With a network of 137 branches, it ranks among the top 10 cooperative banks in the country.
(With inputs from ANI)