mumbai around 300 depositors of the erstwhile punjab and maharashtra cooperative pmc bank held a morcha before the reserve bank of india rbi in bandrakurla complex on friday to protest against a resolution plan that will release their deposits piecemeal over 10 yearsunder the plan depositors with more than rs 15 lakh in pmc bank will have to wait for at least 5 years before they start receiving interesta vast number of account holders are senior citizens who fear time is not on their side for a long drawn resolution my own fatherinlaw passed away waiting for his money and my motherinlaw in her 70s is anxious too said airoli resident ashish duttaadvocate harmeet singh dassan said bank directors who are the culprits will also be paid back their deposits whereas their amounts should be frozen till the investigation is concluded the valuation of all assets of borrowers would be done by the new bank usfb this means that if a property worth rs 100 is valued at rs 15 then there will be no recourse available to anyonemoreover creditors are also being paid their principal amount in full despite knowing that there has been a fraudon november 23 rbi announced the draft details of pmcs amalgamation with the newly formed unity small finance bank usfb rbi imposed several restrictions on deposits beyond rs 5 lakhcustomers can access additional amounts up to rs 50000 at the end of two years up to rs 1 lakh in the third year rs 3 lakh after four years and rs 55 lakh after five years they will receive nothing for the next four years only getting the rest of their money after 10 years