How are depositors affected by the RBI's restrictions on New India Cooperative Bank?

Depositors are experiencing immediate financial distress due to their inability to access funds following RBI's restrictions on New India Cooperative Bank. With monthly interest payments and daily expenses to manage, many account holders face severe financial hardship as they cannot withdraw their money beyond the imposed limits. The bank's deteriorating financial health, which has been under significant pressure, has directly impacted customers who rely on these funds for their everyday needs. This situation highlights the vulnerability of depositors when regulatory actions are taken against struggling cooperative banks, leaving many in precarious financial circumstances.