What challenges are depositors facing due to the RBI restrictions on New India Cooperative Bank?

Depositors are experiencing significant financial distress due to the sudden RBI restrictions on New India Cooperative Bank. Many have expressed frustration over the lack of prior warning from the bank, leaving them unprepared for the fund disbursement limitations imposed for six months. With monthly interest payments and daily expenses to manage, customers face immediate financial hardship as they can't access their savings. The situation is particularly concerning because the bank's financial health has been under substantial pressure, yet depositors weren't adequately informed before the restrictions took effect.