What does one do when their hard-earned money and savings is deposited in a bank and one fine day, the bank tells them they can’t withdraw the same? This is exactly the situation of thousands of Punjab and Maharashtra Co-operative (PMC) Bank depositors who are desperately waiting to withdraw their money.
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Maharashtra: Punjab and Maharashtra Co-operative (PMC) Bank depositors protest outside a PMC Bank branch in Andheri East, Mumbai. pic.twitter.com/TEutGDNvre
— ANI (@ANI) October 25, 2019
The situation is so bad that every other day reports of PMC depositors deaths are coming to the fore.
Protesters are now pleading Prime Minister Narendra Modi to intervene and do something so that they could celebrate Diwali.
Since the news of the PMC Bank crisis developed, our ministers and the Reserve Bank of India (RBI) have been assuring the helpless depositors that their money is safe but it has been almost a month that nothing has been done in this regard.
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