Update for Indians

Hi

I just read a newspaper article related to NEFT and RBI.

It is obviously not a good news. Now RBI will be charging online banks for transferring money to our bank accounts. They may charge both online and our banks.

In return our banks will charge us some huge fee because why will they pay for transferring and depositing our money.. All this will be initiated from 1st April, 2010.

RBI in return has asked the online banks for providing faster services to the customers and depositing the amount on the same day.

I read a Hindi newspaper 'Hindustan' Hindi edition

I don't know what else we'll have to face...

God knows...

Varnika

 

Damn, already IT market is so down and such stupid things make it more down. Stupid Indian Govt and their rules!

 

Can you please show us the link of that article..?

 

In which date of Nav Bharat Times

 

I cannot show the link...but can tell you the date and page number.

23rd feb,2010- page number 13 of Hindustan Times 'Hindi Version' West Delhi Edition.

The title of that news is ' Online Lenden par dene padege shulk'

Lol...i am trying my level best to be specific...so that you can find it easily!!

 

The same news was published in Times of India. I am searching the newspaper

 

I have got this article while searching- http://www.newkerala.com/news/fullnews-45595.html

It explains the process. But is not mentioning anything about the fees. Though in the newspaper it is mentioned that they will charge more fees.

 

1st April ahahahah , the april fools day . only a fool can implement such foolish rules

 

if the increase the speed I am ready to pay more..as far as the increase is not drastic

 

lol you are right

 

Geesh! i thought this thread is related to paypal.
any news about the paypal issue? i am sure this is a NEFT/RBI related in general.

 

All these things are interrelated my dear friend.

RBI's decision will effect all of us including paypal, XOOM and any other way through which we transfer funds to our bank accounts...

 

Well in the same Times of India news paper a week ago it has been published that Paypal will resolve the issue in two days...But it is one week and still we dont find the issue to be resolved...All indians have their fingers crossed...

 

I should try for a job now

 

that means we will get a withdrawal working after 1st April 2010.

 

One bad news after another.... Whats happening? Year 2010 has been a bad one till now

 

We all should do something against RBI. After all we IT professionals are earning foreign money for India. Why RBI creates issue against it? We should use media against RBI. They only can help us now otherwise IT market will down in coming future.

 

I have searched entire page http://epaper.hindustantimes.com/Default.aspx?selpg=3213&BMode=100&selDt=02/23/2010

But I am not able to find varnika statement in that newspaper.

 

this is really a badnews. Now we have to pay more fees on withdrawal.

 

50% of your online income they want to deduct when you deposit the money , and out of remaining 50% , you need to pay 33% as tax , so remaining would be 33% of your whole income .