Demonitisation: Regulations changing faster than notes, banks stumped

 Banks across the country are scrambling to meet demand more than a week after the withdrawal of Rs 500 and Rs notes with people in the Capital elsewhere frustrated by cashiers running out of currency.  Stock Market Astrology



Those flip-flops have left bank branch officials muddled. On Thursday, the government slashed the onetime exchange limit for old notes to Rs 2,000 from Rs 4,500, having raised it from Rs 4,000 before that. Intraday Trading Tips

While the public position of banks is that the situation has eased, anecdotal evidence seems to suggest that this is true in some parts of the country but not others, especially NCR.    Commodity Trading Tips




On top of that, bankers told ET that they are struggling to keep pace with the sudden changes in regulations. As there aren’t enough notes to go around, banks have had to impose their own curbs.  Nifty Trading Tips

“The government increased the withdrawal limits recently (but) we have to cater to all our customers. Cash is limited, so we have put up signage outside the branch telling customers we can only disburse Rs 15,000 to savings bank holders and Rs 25,000 to current account holders,”   Future & Option Trading Tips

In hindsight, it’s clear the massive demand for currency exchange hadn’t been expected. It was only when realisation daGwned that this route was being employed for largescale money laundering that the window was narrowed to Rs 2,000.    Astrology and Numerology Trading Tips