how come ATM s of private banks do not work where as TED WHETHER THESE BANKS ARE DOING BACK END DISTRIBUTION IN CHANGING BLACK MONEY ATMS OF NATIONALISED BANKS ARE WORKING ATLEAST FOR SOME TIME THIS IS TO BE INVESTIGA
how come ATM s of private banks do not work where as TED WHETHER THESE BANKS ARE DOING BACK END DISTRIBUTION IN CHANGING BLACK MONEY ATMS OF NATIONALISED BANKS ARE WORKING ATLEAST FOR SOME TIME THIS IS TO BE INVESTIGA
how come ATM s of private banks do not work where as TED WHETHER THESE BANKS ARE DOING BACK END DISTRIBUTION IN CHANGING BLACK MONEY ATMS OF NATIONALISED BANKS ARE WORKING ATLEAST FOR SOME TIME THIS IS TO BE INVESTIGA
how come ATM s of private banks do not work where as TED WHETHER THESE BANKS ARE DOING BACK END DISTRIBUTION IN CHANGING BLACK MONEY ATMS OF NATIONALISED BANKS ARE WORKING ATLEAST FOR SOME TIME THIS IS TO BE INVESTIGA
I WENT TO ICICI BANK AT SEC.16, FARIDABAD WHICH IS MAIN BRANCH IN THIS CITY TO DRAW CASH OF RS.20,000/- ;INSPITE OF RBI INSTRUCTED TO DISPERSE UPTO 24,000/- FROM ANY SB ACCOUNT ON SELF WITHDRAWAL BASIS, THEY REFUSED TO PAY AND THEY ARBITRARILY DECIDED TO PAY ONLY 10,000/- PEOPLE WHO BROUGH SINGLE CHEQUE LEAVE WITH PREWRITTEN AS 24,000 OR SO WERE ALLOWED TO REWRITE AND COUNTERSIGN WHICH IS BANNED BY RBI LONG AGO (OFCOURSE THIS I WELCOME AS THE ACCOUNT HODERS WILL HARASSED OTHERWISE). I WAS IN DIRE NEED OF CASH AS I PLANNED TO GO TO HYDERABAD TO ATTEN SOME FUNCTION AND MY CREDIT CARD HAS SOME ACTIVATION PROBLEM I WENT TO PILLAR TO POST IN THE BANK INCLUDING THE CHIEF MANAGER OF THE BRANCH. BUT THEY VEHEMENTLY REFUSED TO OBLIGE TO PAY 20,000/- I AM ONE OF THE PRIVILEGED CUSTOMER OF ICICI AND MY PLEA WENT WASTE THERE. IN THE HISTORY I NEVER WITHDREW CASH AS IT WAS NOT NECESSARY IN LIFE UNTIL NOW.
I FAIL TO UNDERSTAND HOW BANK CAN TAKE THEIR OWN DECISION TO REDUCE THE AMOUNT FROM 24,000 TO 10,000 LIE THIS? EVEN IF THEY CAN, THEY SHOULD CONSIDER CASES LIME MINE WHICH WAS GENUINE. ULTIMATELY I HAD TO CANCEL MY TRIP DUE TO NOT ENOUGH CASH ON HAND. NOW WITH THIS PUBLIC (OR ATLAS MYSELF) WILL THINK THAT THE FUND SO ENBOCKED BY THIS WAY, THERE COULD BE WAY FOR MISUSE AS WELL. HOPE RBI/ICICIBANK WILL TAKE NOTE TO CONSIDER THIS ISSUE.
Re: CASH CRUNCH
by Srinivas on Dec 01, 2016 10:47 AM
It does not matter whether you are a privileged customer of a bank or not. At this stage, they are limiting the amount per person to cover more people and there is nothing wrong with this approach.
I am a privileged customer of HDFC and went to withdraw 10000, but was only given 6000 (2 x Rs. 2000, balance 1000 in Rs. 50 notes). However, I have no complaints because I would like to believe that the Govt. is serious about its intention to curtail black money and we have to bear any short term pain in this regard.
