Team Goemkarponn
Canacona: A day after the state government revoked the operating permission of Tirumala Tirupati Multi-State Co-operative Credit Society Ltd, several investors rushed to its Canacona branch at Chaudi on Wednesday to seek clarity and file withdrawal claims for their deposits.
From early hours, investors were seen crowding the society’s counter inside the branch, while several others stood outside the office premises, anxious about the safety of their investments.
According to sources at the branch, many depositors demanded immediate withdrawal of their funds following the government’s action. The branch manager and staff assured investors that their money was safe and promptly issued prescribed withdrawal claim forms to those seeking to withdraw their deposits.
Investors were requested to fill in their bank account details and submit the original deposit receipts or investment documents. The branch manager assured that the withdrawal amounts would be transferred directly to investors’ bank accounts through NEFT within two working days.
In a relief to depositors, the branch manager also assured that no penalty or processing charges would be deducted, stating that the usual 2 per cent penalty applicable on premature withdrawals would be waived and the full deposit amount refunded.
The branch staff were seen calmly responding to investors’ queries and accepting several withdrawal applications, helping ease tensions at the branch.
Responding to the government’s claim that the society had not filed audited accounts since commencing operations in Goa nearly a decade ago, the branch manager refuted the allegation, stating that audited accounts were regularly submitted and inspections had been conducted at the branch. He, however, admitted that the latest audited statement was delayed by about ten days and was not accepted by the authorities.
It was also informed that the chief of Tirumala Tirupati Co-operative Credit Society Ltd is expected to arrive in Goa on Thursday to address the issues related to alleged statutory non-compliance that led to the revocation of the society’s no-objection certificate.
