Today, RBI took an another unexpected move. The restrictions imposed on bank deposits exceeding Rs 5000 in old notes have now been withdrawn. Not just this, customers will now have to answer the bank as why they couldn’t deposit the demonetised currency till now. And after receiving a satisfactory reply, the bank will credit the amount to the individual’s account.
Since it was just Monday when RBI had issued a new rule limiting deposits to Rs 5,000 and within just two days, it abolished its own rule. This shows RBI is incompetent in taking serious decisions as the effects of demonetization continue to hamper the financial state of our citizens.
Also, such sharp turns in policies create a lot of inconvenience for people and thus, they immediately made a joke of RBI on twitter which was more or less justified.
This is what they said:
Rajdeep Sardesai is on a ROLL:
At this rate, RBI will soon be the Rollback Bank of India! 😄
— Rajdeep Sardesai (@sardesairajdeep) December 21, 2016
RBI is directionless:
RBI behaving like Headless chicken. Should be renamed Reverse bank of India. Now we can see the damage Raghuram Rajan’s removal has done https://t.co/TSb512Uaw2
— Prashant Bhushan (@pbhushan1) December 21, 2016
— zakir khan (@Zakirism) December 21, 2016
RBI needs SPACE to think:
New RBI rule. You can deposit unlimited old notes between Dec 32nd and 35th in accordance with govt approved bend in space time continuum.
— Vir Das (@thevirdas) December 21, 2016
I don’t doubt that:
After demonetisation, @RBI has issued more rules than total number of Notes.
— Paresh Rawal fan (@Babu_Bhaiyaa) December 19, 2016
Now, I know HER:
Remember when you played pool with a cute girl in college & she kept changing the rules? You just went with it. Yup…that girl is the RBI.
— Vir Das (@thevirdas) December 19, 2016
Too much babugiri:
— Minhaz Merchant (@MinhazMerchant) December 21, 2016
The same feeling:
RBI changing rules more frequently than me changing my stance on whether I really want to text my crush or not.
— Soutrik (@SoutrikDebnath) December 21, 2016
RBI, you failed.
Last 43 days have seriously undermined whatever credibility the RBI had built up over decades. Now laughing stock — Reverse Bank of India.
— Rahul Kanwal (@rahulkanwal) December 21, 2016
RBI should just snapchat all their policies
— Rounak Jain (@r0unak) December 21, 2016
RBI and its changing seasons:
Real face of RBI under Modi ji ! pic.twitter.com/IZWjUW3YNS
— Randeep S Surjewala (@rssurjewala) December 21, 2016
Dear RBI, be the CHANGE and don’t make the CHANGE.