Lakhs in bank account but unable to pay rent
Thrissur: It is everyone’s dream to live in their own house at least for a day, so was Rafi’s also. But the financial crisis of Puthur Co-operative bank affected Rafi and his family and forced them to live in a rented house.
Six years back, Rafi and his wife Shaija had sold their land and deposited the amount in the Puthur co-operative bank to buy a new house. After a long search for a good house, they found one and paid a token advance.
For settling the full amount, the couple reached the bank to withdraw their money. But shattering their dreams, the bank authority informed them that there is no money to return to the customers as the bank is in a deep financial crisis. Later, an administrator was appointed to manage the bank after replacing the panel led by Congress.
Though Congress retained the power of the administration, they dissolved the panel within three after realising the financial crisis. At present, the bank is ruled by an administrator.
Only Rs 1000 is given every month to all the senior citizens among the depositors.
Rafi, his wife and two daughters are living in a rented house near Anappady. He was a driver of a catering company but he lost the job amid the pandemic.
Rafi says that he is facing a deep crisis even when lakhs of rupees are deposited in the bank.