Indian Banks to levy charges on deposits, withdrawals of money from today. Check full list

[keviinusa]

1 minute ago, xano917 said:

LOL ... 

em chestam uncle ala vundii

 

[Pappu_Packitmaar]

Some people will claim to arrest black money or what ever..

But this move was first suggested in 1970’s when first demo happened. Subsequently RBI did plan such moves multiple times, Chidambaram even proposed such move and presented in the budget but retracted this proposal with in a week itself. 2012-13 time lo kuda ie proposal vachindi.

 

[Pappu_Packitmaar]

Cash handling is becoming more and more expensive thing for the banks. The banks don’t want people to maintain cash as transporting, distributing and paying cash is now becoming a big task for the banks and an expensive one. Increased cash spending will only make more demand for cash and further strain on already burdened cash distribution system. 
 

To over come this problem, many proposals have been made in the past. ATM machines did not have import tax for a decade just to encourage automated transactions. It else just imagine those long lines in front of bank tellers.

[hyperbole]

5 minutes ago, Pappu_Packitmaar said:

Some people will claim to arrest black money or what ever..

But this move was first suggested in 1970’s when first demo happened. Subsequently RBI did plan such moves multiple times, Chidambaram even proposed such move and presented in the budget but retracted this proposal with in a week itself. 2012-13 time lo kuda ie proposal vachindi.

 

To me this is like penny wise and pound foolish, you earn small fees but lose the big picture. banks ki deposits kavali, ila cheste chala mandi small savings asalu pettaru and a lot of the small traders will be discouraged to bank but run parallel cash economy, if I am not wrong the whole point of demonization was this to have transparency and digital transactions .

[Pappu_Packitmaar]

2 minutes ago, hyperbole said:

To me this is like penny wise and pound foolish, you earn small fees but lose the big picture. banks ki deposits kavali, ila cheste chala mandi small savings asalu pettaru and a lot of the small traders will be discouraged to bank but run parallel cash economy, if I am not wrong the whole point of demonization was this to have transparency and digital transactions .

From what I see, it has nothing to do with DeMo, digitalization or Cashless transactions. 
 

RBI has proposed such rules to manage cash almost 20 years back when India was barely spending any money. Now, with such huge cash spending, it will become more and more burden to maintain and distribute cash. 
 

Such things are bound to happen sooner or later. I see no surprises. Banks need money and deposits and such moves will not deter depositors from depositing money to a scale that will effect the numbers. 

[keviinusa]

3 hours ago, Pappu_Packitmaar said:

From what I see, it has nothing to do with DeMo, digitalization or Cashless transactions. 
 

RBI has proposed such rules to manage cash almost 20 years back when India was barely spending any money. Now, with such huge cash spending, it will become more and more burden to maintain and distribute cash. 
 

Such things are bound to happen sooner or later. I see no surprises. Banks need money and deposits and such moves will not deter depositors from depositing money to a scale that will effect the numbers. 

kakapotey lower level of income class will be discouraged kada; koddo goppo savings chesukoni bank lo pettukundam anukunetollu malla subratoroy lantollu alantollaki munchakunda ela mari.

Jan dhan Yojana ela mari ??

[Pappu_Packitmaar]

9 minutes ago, keviinusa said:

kakapotey lower level of income class will be discouraged kada; koddo goppo savings chesukoni bank lo pettukundam anukunetollu malla subratoroy lantollu alantollaki munchakunda ela mari.

Jan dhan Yojana ela mari ??

Makes sense. 
 

But let’s think how it will have an actual effect.

As per your claim, Lower Middle Class will be discouraged. Lower middle class ante urban Lo aithe oka 15-20k per month and rural areas Lo aithe less than 10k per month earning families ni Lower middle class anochu emo. 
 

As per your logic, Do you really think such families will go to bank everyday to deposit money ? Or twice a week ? Once a week ? 2-3 times a month ? But if they are paid by check or direct, they don’t even need to do that right ? 
 

What do you think the frequency that a lower middle class person will go to bank to deposit their small savings?
 

 

[Picheshwar]

Malla start @dewarist

[keviinusa]

1 minute ago, Pappu_Packitmaar said:

Makes sense. 
 

But let’s think how it will have an actual effect.

As per your claim, Lower Middle Class will be discouraged. Lower middle class ante urban Lo aithe oka 15-20k per month and rural areas Lo aithe less than 10k per month earning families ni Lower middle class anochu emo. 
 

As per your logic, Do you really think such families will go to bank everyday to deposit money ? Or twice a week ? Once a week ? 2-3 times a month ? But if they are paid by check or direct, they don’t even need to do that right ? 
 

What do you think the frequency that a lower middle class person will go to bank to deposit their small savings?
 

 

yes frequency cheyaru accepted but maro sharada chit scam, maro subrato roy lantivi ayye possibility ledu antava ilanti vaati valla.

asalu villages ki rural areas lo banks first accessible vundali kada.

 

[Hydrockers]

Malli cash transactions ee avutai 

Elagu 2000 notes ee ga 

[reality]

11 minutes ago, Picheshwar said:

Malla start @dewarist

@Pappu_Packitmaar em cover drive ichado 2 lines lo cheppu..

 

[reality]

7 minutes ago, Hydrockers said:

Malli cash transactions ee avutai 

Elagu 2000 notes ee ga 

Malli DeMo cheddam appudu

[Pappu_Packitmaar]

7 minutes ago, keviinusa said:

yes frequency cheyaru accepted but maro sharada chit scam, maro subrato roy lantivi ayye possibility ledu antava ilanti vaati valla.

asalu villages ki rural areas lo banks first accessible vundali kada.

 

I don’t see why such charges would drive people to invest in Sharada or Sahara..! Such investment are usually done by agent brainwashing the innocent people, like agent promises incredible deals to daily wage earners...Not because some asked to pay 10 rupees for their fourth deposit onwards.

[keviinusa]

1 minute ago, Pappu_Packitmaar said:

I don’t see why such charges would drive people to invest in Sharada or Sahara..! Such investment are usually done by agent brainwashing the innocent people, like agent promises incredible deals to daily wage earners...Not because some asked to pay 10 rupees for their fourth deposit onwards.

inkaa apeyyi saal inka

[keviinusa]

2 minutes ago, reality said:

@Pappu_Packitmaar em cover drive ichado 2 lines lo cheppu..

 

cover drives ani telsi kuda nuvvu malla curiosity toh adugutunnav gaa