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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.
“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.
https://twitter.com/CajoleK/status/810895807431905280
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