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From an Alarmed Citizen: An Open Letter for PM Modi & Urjit Patel

Read the open letter addressed to PM Narendra Modi and RBI Governor Urjit Patel from an ordinary citizen.

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My Report
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Hindi Female
Read the open letter addressed to PM Narendra Modi and RBI Governor Urjit Patel from an ordinary citizen.

Dear Mr Narendra Modiji & Mr Urjit R Patelji,

Does the money that banks conduct business with belong to the banks or the public?

Are you unaware of the financial conditions of poor citizens of India? Is India a rich country where everyone can have a minimum balance in their accounts? I am surprised by the assumption that everybody has the might to simply procure a minimum required balance, out of nowhere. I wish to enquire as to the basis on which the minimum balance in the bank amount is fixed?

Do you not think that at least nationalised banks should give consideration for zero-balance accounts?

The loans which banks give to the public/companies/industries are rarely recovered. Yet how do they dare to charge the poor with recovering those amounts?

This country’s poor doesn’t have sufficient money to even look after their families, while on the other hand, the salaries of bank employees get increased on top of the additional facilities they get!

And where do I even begin with the danger of big notes like Rs 2000? Big notes mean we are giving scope to recreate black money. In this case, Rs 2000 notes are more dangerous than Rs 1000 notes.

Rs 100 and below are the denominations that are befitting to our country, considering that we all know the percentage of illiterate and senior citizens we have.

You are not required to promote the use of digitalised modes of payment.

In metro cities and big towns, people are able to use different types of technology because of literacy or just their surroundings generally, but in small towns or villages, people require only hard currency.

So please stop printing Rs 500 and Rs 2000 currencies. And I urge you to plan the withdrawal of big currencies over the next two years.

There’s only one precaution to be taken: Hard currency holding limits (per family, joint family, Huf, company, category-wise, etc.)

And Modiji, if you have taken the last 50 days of currency action for your own political purposes to dominate other parties, then this mail doesn’t concern you or BJP. Void it.

There is still much scope to change our country. This is a one-way mail, so I’m looking forward to any responses. But I request you to take consideration of what I said.

Most Respectfully,
Sanjay Kumar Patnaik,
Odisha

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

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Topics:  Rs 2000 notes 

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