"Told Money In Bank Is Safe. What Safety?": Worried PMC Account Holders | Read

Punjab & Maharashtra Co-operative (PMC) Bank customers left stressed after the Reserve Bank of India (RBI) imposed withdrawal limits have lodged a complaint at a Mumbai police station, pointing out they have been cut off from their hard-earned money for no fault of theirs. Simran, a domestic help who has Rs. 70,000 in savings, said that if the government wanted people to keep their money in banks it needed to guarantee its safety.