Monday, February 28, 2005

Indian Budget 05-06

First thoughts - it is *utterly* ridiculous to charge people 0.1 percent tax on withdrawal of more than 10,000 on any given day.

Well, what big purchase can one do with less than 10000 ? TV ? Fridge ? Washing Machine ? forget Houses, cars etc

It is awful to even consider the government discouraging people to withdraw money by imposing tax.

Would they atleast guarantee some standard of service. Recently I had the unfortunate experience of spending some time at an Indian bank after 4 years outside the country.

The experience was, to put it mildly, mind-numbing.

First they counters were titled 'Cash Payments', 'Cash Receipts'. So payments mean - you pay the bank or does the bank pay you ? what does receipts mean ?

Why can't it be simply 'withdrawal' 'deposits' ?

One has to fill different colored 'chalans' to deposit in different type of accounts ?. Assuming this preposterous limitation to be operational, would one not expect that to be listed somewhere ?

One has to do all transactions with a 'teller' and finally stand in another line to get your 'passbook' updated !!

Stop this non-sense - for all the rip-off of money - atleast provide the customers some decent service.

To top it all - they work only uptil 1.30 in most nationalised banks..... give us all a break !

The jewel in the crown is - none of these places fail to hang the commandment from Gandhi which goes like 'Customer is always right'....

yeah whatever...

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