We, the troubled and concerned customers of PMC Bank strongly urge the RBI Governor, the Finance Minister and the Government of India to take the necessary steps to release our money which has been locked up since September 2019.

As you are aware, this is hard earned public money which was deposited in PMC Bank with genuine trust. Banks are supposed to be the safest & most trusted institutions for the common man.

As a result of making our funds inaccessible, all of us including senior citizens, sick persons, small savings individuals & others are going through a very difficult time.

It was the duty of RBI to warn the PMC Bank much earlier, the moment irregularities were discovered in their dealings. The innocent customers cannot be held responsible & punished in this manner for negligence on the part of PMC & the RBI. We cannot be made the scapegoats for a system failure and irresponsibility shown by the PMC.

As previously declared by the RBI, some solution was to be decided upon within 6 months, ie by March 2020. This has not been adhered to and our problems are mounting. The current Covid-19 pandemic has made matters worse & extreme, with increased unemployment, sickness & no means to access our funds for daily needs.

We demand that a fair & immediate solution is reached upon at the earliest or we will be forced to resort to major protests & communication.

We urge you once again to take this request very seriously & settle the matter urgently.

Thanking you,

All PMC Bank Customers.