We, the FD holders as well as our relatives and friends, claim to recover the hard-earned money invested at the Dewan Housing Finance Corporation Limited(DHFL) in the form of Fixed Deposits at the time of COVID-19 pandemic.
This shadow bank is undergoing a moratorium since it was referred to the Insolvency and Bankruptcy Court a few months ago. DHFL is now under the apt guidance of the RBI and our money is stuck due to various complex legal issues.
We have invested here in FDs depending on the AAA-rating of the company as we are totally illiterate and ignorant about other forms of investments. Moreover, we have followed the footsteps of Shri Shri Ramakrishna Mission, Missionaries of Charity, Air Force, Uttar Pradesh Power Corporation Limited(UPPCL), Uttar Pradesh Gramin Udyog etc., who also have their FD money stuck at DHFL.
Among us, there are many senior citizens, pensioners, ailing patients and many of us are running our family depending on the interest of our FDs. During this international lockdown, we are not only deprived of our FD interests, we are also unable to earn by performing other types of works at home.
It is a different type of “capital” punishment for us. The Governmental agencies must immediately relieve us from such unbearable burden.