2 Feb 2008

Grumble Day

Today I was griping^H^H^H^H^H^H^Hblogging about the paranoia of Shitibank's web site. I actually faced this problem when I was trying to transfer some money from my Shitibank account to my ICICI account. In my experience, ICICI is a much better bank than Shiti. I can use any Visa ATM in the country without having to pay a special service charge. And, I am not paranoid enough to protect my debit card purchases with a PIN number. Every month, I transfer almost all of my salary to my ICICI account and spend money from there. Today, after writing about the paranoia of Shitibank web site, I logged into their site to transfer money to my beloved ICICI account. I was greeted by this announcement ("RBI has withdrawn the EFT facility with effect from 31st Jan 2008"): Now I am left with the option of withdrawing money from ATM and depositing it manually in the bank. Why would RBI make such a stupid (IMO) decision? I tried searching the news archive, but couldn't find anything. Maybe today is my grumble day?

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