A Good Decision but Could well back fire to some extent

[Kool_SRG]

One things at least Banks should have done is they should started loading only 100 rupee notes more from at least a week back....

[Kool_SRG]

Just now, krishnote3 said:

100 rs notes still valid ga..i guess all back mny transaction will swtich to 100 now

Valid bhayya kaani 100 ekkada nunchi vastay?? ATM lo 500 kante ekkuva 100 rupee notes raavu...If suppose you withdraw 10000 you will 1000/500 notes worth 9500 at max you will 5 100 rupeee notes. This is where the actual problem is, ATM daggara line chuste chukkalu kanipistunnayi...

 

[mettastar]

[Kool_SRG]

Announced at 8 PM and many are not aware of this move and had only time of 4 hours to draw any money, many were coming back from office 10 pm daka chala mandiki teliyadu..

ATM ki velte humungous lines, ATM stuck & not working at many places before 12..

[Ekambaram]

8 minutes ago, Kool_SRG said:

1)Daily vendors ammunkuntaru vaalaki rojuki vachina dabbutoh next day dabbulu pattali malli sarukulu konadaaniki ippudu vaalla daggarana unna 500/1000 notes use cheyyaleru entukante accept cheyyatla already evvadu

2)Already withdraw chesi pettukunnavaallaki 2-3 days too difficult since now days ATM lo 100 notes chala taakuva depense avutaayi...

3)Chiruvyaparulaki debba endukante customer deggara valid notes lekapote ela exchange chestaru konetappudu??

4)Cities lo situation can be regulated to some extent they might survive with credit cards/Online transactions.

5)Bank vaallaki next week-10 days minimum doola teerpotadi for this to back on track.

6) 2 days customer purchasing power will go down.

Even though PM told buses, Rlys, and some places will accept the notes for 2-3 days more, but they already started rejecting these..

If you see public response manchi nirnayam gaani inta takkuva samayam ante kastam...

 

 

 

 

 

ofcourse , but this is just for may be 1 month??? if not long...long term goals are essential 

[Kool_SRG]

Just now, Ekambaram said:

ofcourse , but this is just for may be 1 month??? if not long...long term goals are essential 

Yes off course long term goals are important...

At least if public had got at least one more day for having enough money/resource in hand for 2-3 days when banks would be off, scene would have been slightly better...

[Ekambaram]

Just now, Kool_SRG said:

Yes off course long term goals are important...

At least if public had got at least one more day for having enough money/resource in hand for 2-3 days when banks would be off, scene would have been slightly better...

may be the analysts predicted it to be more favouring for the black goons in doing so

[Kool_SRG]

Banks would have got this info feelers few days back, they should have loaded only 100s at least from one week back so that people would have had more 100s in hand

[Ekambaram]

1 minute ago, Kool_SRG said:

Banks would have got this info feelers few days back, they should have loaded only 100s at least from one week back so that people would have had more 100s in hand

I guess its maintained as top secret..banks are the loose link for such an operation if known to them

[mastercheif]

21 minutes ago, Kool_SRG said:

Announced at 8 PM and many are not aware of this move and had only time of 4 hours to draw any money, many were coming back from office 10 pm daka chala mandiki teliyadu..

ATM ki velte humungous lines, ATM stuck & not working at many places before 12..

repu bank ki velli counter lo withdraw cheyyalema ?

[Kool_SRG]

7 minutes ago, Ekambaram said:

I guess its maintained as top secret..banks are the loose link for such an operation if known to them

Possible but banks ki ippudu ATMs lo full 100s load cheyyalante for next two days where will they have and get that much stock in hand & also 11th nunchi janaalu banks meeda padataaru dabbulaki & exchange gurinchi...So can say it highly impossible for all the banks to be prepared for that in such short notice so they could have had the feelers about this decision.

500s & 1000s denominations is pretty high now a days since ATMs depense them only maximum many ATMs can be seen dispensing only them at many places..With limited free ATM transactions people usually withdraw more than 1000-2000 so obviously 100 takkuva untadi andulo....

[Ekambaram]

10 minutes ago, Kool_SRG said:

Possible but banks ki ippudu ATMs lo full 100s load cheyyalante for next two days where will they have and get that much stock in hand & also 11th nunchi janaalu banks meeda padataaru dabbulaki & exchange gurinchi...So can say it highly impossible for all the banks to be prepared for that in such short notice so they could have had the feelers about this decision.

500s & 1000s denominations is pretty high now a days since ATMs depense them only maximum many ATMs can be seen dispensing only them at many places..With limited free ATM transactions people usually withdraw more than 1000-2000 so obviously 100 takkuva untadi andulo....

RBI would be aware of this high requirement of 100s, they will definetly be prepared to meet the need