I am an account holder with Veera Shaiva Co-op. Bank, which is now under liquidation, for past 5 years, and have not encashed any of the part payment they agree to do on my Fixed Deposits (being Maximum of Rs. 1 lakh only per person) as applicable due to insurance/liquidation regulation, hoping that soon some other bank would merge with it, restoring our full amount due with the bank along with interest. I’m not getting any update as to what’s happening.
Please guide me.
I C Naik
Approach Consumer Court as this amounts to deficiency in service.