The reserve bank of India put this restriction on PMC bank.People are distressed. Many have their life's saving in their bank account which is in this bank.Look at this man raging because he cannot pay dialysis bill for his mother who is in hospital even when he has enough money in his bank account. The bank officials say he can withdraw max $14 for the next 6 months.The bank called cops on that man but the cop was smart enough to back up.Another woman in background says that she lost her husband and needs to withdraw money from the bank to meet day to day expenses. Another man says that he needs to pay bills for his sister's wedding.This is why we need a decentralized financial system.PMC Bank: Customers file police complaint against chairman, directors for misappropriation of fundsRBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account via /r/Bitcoin http://bit.ly/2loriVG
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