Demonetisation woes: RBI issues a new rule again and Twitterati can’t stop guessing what’ll be next

The ever-changing guidelines rolled out by the RBI and finance ministry are making people lose their faith in the banking system.

RBI said that people can deposit money above Rs 5,000 only once

Ever since Prime Minister Narendra Modi announced demonetisation of old currency notes of Rs 500 and Rs 1,000, the rules to be followed are changing with what seems to be an attempt to prove the adage that change is the only constant. The PM said, on November 8, that people can deposit any amount of their invalid currency in the bank by December 30.

Later, the finance ministry said it will only scrutinise the deposits above Rs 2.5 lakh. And in case you haven’t deposited the amount already, the Reserve Bank of India has said that you will be subject to questioning should you want to deposit an amount above Rs 5,000. Understandably, this has left people confused and livid.

Moreover, the depositor will have to explain to two bank officials why he/she couldn’t do so earlier. “Tenders of SBNs (Specified Bank Notes of Rs 500 and Rs 1,000) in excess of Rs 5,000 into a bank account will be received for credit only once during the remaining period till December 30, 2016…

“The credit in such cases shall be afforded only after questioning (the) tenderer, on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier and receiving a satisfactory explanation,” the RBI circular said.

Well, because the PM himself said the money could be deposited till the end of the month, there were many who were waiting for the situation to ease out to avoid long queues. Turns out, that might be a big mistake.

The ever-changing guidelines rolled out by the RBI and finance ministry are making people lose their faith in the banking system and people on Twitter are already mocking it. Many joked about what the RBI could come up with next.

Sample these.

Next Up: Ladies can keep only upto Rs 5k in their blouse & men can keep only upto Rs 20k in their chor pocket.#DeMonetisation

— The-Lying-Lama (@KyaUkhaadLega) December 19, 2016

With already so many modifications in the rules, Modi Ji might just start a new Rs 300 note with Karun Nair’s photo on it. #IndvsEng

— Sand-d Singh (@Sand_In_Deed) December 19, 2016

Make it 3 so that it is proper Indian Idol audition https://t.co/E9WxghOzoi

— dorku (@Dorkstar) December 19, 2016

“Just shut up and print your own notes” – New RBI rule coming soon.

— Trendulkar (@Trendulkar) December 19, 2016

I think, every night, BJP has a wild party, after which, they decide the next day’s banking rules.
That’s why they are called ruling party.

— Ramesh Srivats (@rameshsrivats) December 19, 2016

After demonetisation, @RBI has issued more rules than total number of Notes.

— Paresh Rawal fan (@Babu_Bhaiyaa) December 19, 2016

“so how do we plan this demonitisation thing?”
“….we don’t. We’ll just make it up as we go”
“sounds perfect!”

— Cajole (@CajoleK) December 19, 2016

RBI should borrow the Old Thums Up Tagline, MODIfy it and make their Official Tagline – Aaj Kuch Too-Funny Karte hai

— Joy (@Joydas) December 19, 2016

Rare pic of Bal Narendra & Bal Arun playing the game of Snakes & Ladders. Sources say demonetisation is a result of this game only pic.twitter.com/TLV9XsypzX

— Ra_Bies (@Ra_Bies) December 19, 2016

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