NBFC -M/s Asia Pacific Investment Trust Ltd jas gone for liquidation & unable to get back the Fixed Deposits
1 year ago
I have made deposits in M/S Asia Pacific Investment Trust Ltd (Head office : Hyderabad) over 20 years back.I am unable to get back my money since the company has gone in for liquidation.
A.Dear client.
You need to remember that, there are effective regulation by the Reserve Bank of India (RBI) which ensures that your deposits are safe. The RBI has made Deposit Insurance compulsory for all banks and no bank can withdraw from it.
It means that no matter what happens to your bank, whether it closes down, is liquidated, undergoes a reconstruction or amalgamation or is merged with another back, your money is still protected.
You need to remember that, there are effective regulation by the Reserve Bank of India (RBI) which ensures that your deposits are safe. The RBI has made Deposit Insurance compulsory for all banks and no bank can withdraw from it.
It means that no matter what happens to your bank, whether it closes down, is liquidated, undergoes a reconstruction or amalgamation or is merged with another back, your money is still protected.
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