The amalgamation scheme released by RBI on 23 Nov 2021 is disheartening. Almost all points are not in favour of depositors. We suggest thes following points.

1. The tenure for refunding entire amount should be less than 5 years

2. FD Interest should be given with immediate effect for the entire period the amount is blocked.

3. Depositors should be allowed to withdraw the interest amount with immediate effect or at most after 1 year of amalgamation

4. If Unity SFB is apprehending withdrawal of the amount by the depositors (5 lakh) then they can take a signature from the depositors to transfer this amount to SFB as FD with a locking period with periodic interest payout