![]() | #706 |
BHPian ![]() Join Date: Jun 2013 Location: Toronto
Posts: 569
Thanked: 680 Times
| ![]() Well some of the comments justifying Black Money are rather poor in taste. Even if the Govt does not get any tax out of it - no one can deny the money being used to fuel RE prices. Then there are paid seats at elections, students being asked capitation fees, and money used for buying arms that land up with terrorists and Maoists. No one can deny that. I would like to remove the scourge of Black Money from India and this is among the better steps to do it. I hope it does not stop here. Next on the list should be property and Gold. After all if you are honest you do not need to fear anything. We know why Political Parties are opposing it - they sell seats in LS & Assembly elections - it is a known fact. They have nothing to do with people's suffering, thats just an act! |
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![]() | #707 | |
Team-BHP Support ![]() Join Date: Mar 2011 Location: Gurgaon
Posts: 5,295
Thanked: 20,838 Times
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![]() | #708 | |||
Senior - BHPian ![]() | ![]() Quote:
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http://economictimes.indiatimes.com/...w/55402944.cms 1000 ATM is a very small number, but still it will be interesting to see if at least that's happening or not. Quote:
Was this SBI? Indelibe ink used to mark those who exchanges. Very interesting! http://www.ndtv.com/india-news/night...y-hope-1625506 Last edited by SilentEngine : 15th November 2016 at 12:58. Reason: Adding link | |||
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![]() | #709 | |
BHPian Join Date: Nov 2013 Location: Mumbai
Posts: 211
Thanked: 219 Times
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It was ICICI. But the issue with 2000 denomination notes is that there are very few who accept it right now since there is not enough change to tender for that amount. Last edited by Lij : 15th November 2016 at 13:03. | |
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![]() | #710 | |
Senior - BHPian ![]() Join Date: Feb 2011 Location: SG
Posts: 1,122
Thanked: 2,153 Times
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I added a beneficiary on friday (for the purpose of payment towards new flat purchase) with HDFC Bank. The beneficiary was activated by Sunday for maximum transfer. And I did one transfer (NEFT) on Saturday and one (RTGS) on sunday. All went through smoothly with no hickups whatsoever. Hard to believe that online transfers are suffering and one needs to visit banks to to RTGS. Last edited by vibbs : 15th November 2016 at 13:10. | |
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![]() | #711 | ||
BHPian ![]() Join Date: Sep 2007 Location: Pune
Posts: 346
Thanked: 266 Times
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Regarding the Jan Dhan yojana. Why did people open the accounts in the first place. Because a carrot was given to them that they will get all Aadhaar linked payments only into the bank account. Or that they will get Sukanya insurance, life insurance and accident insurance for a fraction of its cost. That was the carrot. But unfortunately there is no other need created for people to use these accounts. That need has to be created by us. How many of you use Paytm or other wallets which give a cash back of 2% on almost all transactions. Thats your 2% money coming back to you. How many of us have told this to their staff and encouraged to start using these freebies so that they can save more. These days Paytm is accepted by vegetable vendors, auto wallahs and even your pan shops. I still say that we need to rise and start getting more and more people to go cashless. Start with your maids, your milkman, your driver and see the change happening. It's not easy, as the resistance is high for change. Slow, it may be, but it is surely happening. I don't know why, but I feel that the Rs 2000 denomination is a stop gap arrangement. A mechanism to help quickly improve the liquidity situation post demonetization. Won't be surprised if this currency is slowly phased out once the liquidity situation improves and the Rs. 1000 is re-introduced in a few months. I would suggest not to stack too much of this currency in the cash form. They may not demonetize it, but surely I think they will stop massive introduction into the economy. Once the liquidity improves again, and the the Rs. 2000 notes start coming back to RBI, they will replenish by Rs. 500 notes and slowly starve the system on the Rs 2000 notes. Last edited by ptushar : 15th November 2016 at 13:14. Reason: Added quote | ||
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![]() | #712 |
BHPian ![]() | ![]()
On axis bank if you add the beneficiary through the phone app, you can activate and pay immediately. I heard for ICICI this is 30 mins again when done through the app. Atleast for Axis it has been this way for sometime now already. I was at a market about 6 weeks back and ran out of cash and had to pay a vendor 8k. ATM was not working and I got his bank details and transferred via IMPS instantly to his account on a sunday. |
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![]() | #713 | |
Senior - BHPian ![]() Join Date: Feb 2011 Location: SG
Posts: 1,122
Thanked: 2,153 Times
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Since banks were functioning over weekend there was no problem with the transfers going through. | |
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![]() | #714 | |
BHPian ![]() Join Date: Nov 2011 Location: Hyderabad
Posts: 120
Thanked: 102 Times
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There are no transaction fees for this service. Share this with as many as you can. | |
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![]() | #715 | |
BHPian ![]() Join Date: Feb 2013 Location: Mumbai
Posts: 344
Thanked: 503 Times
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Now, tell me, have you ever thought of downloading your banks' app? Ever thought of subscribing to their app services with which you can add beneficiary, do transfer, RTGS/NEFT etc. through the mobile phone app of your bank? Ever checked with your bank if they provide such services through their app. If you are going to the bank physically to get a beneficiary added at a time when the banks' priorities are different, then I am afraid it is not a good sign. | |
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![]() | #716 | |
Team-BHP Support ![]() ![]() Join Date: Jan 2010 Location: Mumbai
Posts: 4,705
Thanked: 11,134 Times
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![]() "Indelible ink to be used to identify people who've made withdrawals" http://www.thehindu.com/news/nationa...cle9348006.ece | |
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![]() | #717 | ||
Senior - BHPian Join Date: Jul 2009 Location: Pune
Posts: 2,665
Thanked: 1,776 Times
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We therefore are all just as culpable as the people who have the black money that we are busy gleefully pointing to at this time but a holier than thou attitude isn't merited. How many of us have NOT or would have NOT have done the same thing that they did, even when we had or would have had the same opportunity to do so? Most of us that don't have black money don't have it because we have not been able to find a way to do so. | ||
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![]() | #718 |
BHPian ![]() Join Date: Jan 2016 Location: Guwahati
Posts: 197
Thanked: 390 Times
| ![]() Some pics from Social Media. How this move has changed the way honest people will shop in the future. P.S: I am not associated with any organisation. |
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![]() | #719 | |||
Senior - BHPian ![]() Join Date: Aug 2006 Location: Bangalore
Posts: 1,732
Thanked: 2,435 Times
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![]() | #720 |
BHPian ![]() Join Date: Feb 2013 Location: Mumbai
Posts: 344
Thanked: 503 Times
| ![]() I went to my local branch of my bank, Kotak. I was surprised to see there were hardly 5 - 10 customers inside the bank. I filled up the deposit slip and submitted my old notes to be deposited in my account. In the same counter, I used my cheque to withdraw some cash. The cashier even obliged me with Rs. 2000 worth of Rs. 100 notes. All this within 30 mins. ATMS were not functional. I chatted with a bank official and asked why so less crowd today. She mentioned that maximum people who came in the last few days, came to just exchange old currency. Many had this apprehension or still have this fear that banks are going to run out of money. Some do have genuine expenses, but majority wanted to just exchange old currency. Now, people are just waiting at ATMs to get Rs. 100 change as most have realized they are not getting change for the 2000 notes they got. I strongly believe, certain section of media and their selective coverage is responsible for this entire issue. I am really unhappy that such an important event and the media, instead of assuring people have contributed to the chaos. Worse, the opposition political parties have picked up cue from media and no one knows the ground reality. One channel I was watching have reporters asking or rather exhorting the people in queue to say that they are being harassed. Then there are people who are paranoid that there is no cash, they bring 4 - 5 cards to withdraw cash from ATMS thereby inconveniencing many. As many, even in this forum has pointed out, it is an inconvenience for some time but certainly not a tragedy for common (read honest) people. |
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