BJP IS NOW CHANGING GOAL POSTS There was big announcement about master stroke on demonetization and grand posturing about how it would drive out black money, starve terrorists and hawla transactions, The doling and rationing of exchange of Rs 2000= then Rs4000= Withdrawal are limited by the banks to Rs 10,000= instead of Rs 24000. Banks are unauthorized, setting their own rules, instead of obeying the guidelines
When Banks are rationing the amounts of withdrawals at Banks, ATM`s the hordes of new currency notes have been unearthed at different places. Not single announcements, disclosures of tracking the source of new currency in serial order. Either the banks or mints are the only source. When ordinary citizens stand in Q`s for hours together and often return disappointed. It is rumored that these seizures are joke to make people happy and rejoice about the unearthing and glorify the failing scheme. People are now asked to use cards and other modes of electronic payments, thus changing the focus Now new talk of the advantages of plastic money, Why State Bank has withdrawn thousands of ATM cards, There have been scams recently of customers being defrauded of large sums from their accounts, Banks have disowned responsibility to reimburse the same till date, In Goa Skimmers have been detected fortunately before any damage could be done One person was charged Rs 11 on purchase of Rs 100= fuel, indicating it as tips another charged Rs 36= as commissions on a transaction of a little over Rs 1000= on fuel, The banks opine that charges are not by them, In another popular departmental stores two customers have lost Rs15000 & Rs 1600 on purchases of Rs 5000= and Rs 800 The banks in writing state that the transaction is complete, but the store denies any credit., Constant check up , visits with the store, Banks have not resulted in reversal of the wrong entries even after a week. More shocks are in the waiting for unwary customers switching over to electronic modes with enticing incentives of cash back and discounts. Nelson Lopes Chinchinim