Yesterday in Meerut ( UP) thousand of PACL customers withdraw their policies.. and PACL not given a single penny of interest even they also cutting 6.75% form all deposit amount, and providing AXIS BANK check. Now all policy holder scarred, check will be clear or bounce... . Don't know but till date from PACL side not get any assurance for deposit security.
I think PACL owners now .. preparation to left India...
so beware of fraud PACL company and try to withdraw your money asap.
"something is better than nothing"