PMC Depositor Dies After Being Unable To Withdraw Funds For Heart Surgery2Photo© hindustantimes.com

PMC Depositor Dies After Being Unable To Withdraw Funds For Heart Surgery

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An 83-year old account holder of the fraud-hit Punjab and Maharashtra Co-operative (PMC) Bank died in Mulund on Friday, after being unable to raise funds for heart surgery. Murlidhar Dharra had deposits worth Rs 80 lakh in the bank and his family has alleged they could not raise the required amount because of withdrawal limits imposed by the RBI.

This is the fourth incident in which a PMC Bank account holder has passed away since restrictions were imposed in September. As per the new regulations, depositors can withdraw more than the RBI-mandated among in case of medical emergencies. Daily withdrawals are currently capped at Rs 40,000.

On October 14, ex-Jet Airways staffer Sanjay Gulati passed away after suffering a cardiac arrest. His family has alleged Gulati was suffering from stress due to the withdrawal restrictions at the bank since he needed cash for his son’s treatment. The next day, another depositor, Fattomal Punjabi, died of cardiac arrest and on October 16, a 39-year-old doctor, also a depositor at PMC Bank, allegedly died by suicide. Both families have said the deaths are not related to the crisis at the bank.