Tag money

Rupee And Exchange Rate

Here money you actually have has not increased.

What happens is that you get money from some one who has spare(because his Wants are less than yours) and on a large-scale the artificial money is high when compared to the produce available.

So the city gets things from the next city or where the produce is available.

The hitch is they are also running into the same confusion of artificial money there.

This cycle goes on.

This is exactly what is happening to the World Economy now.

Another point to note is that when you buy from the others as a produce, it has to be valued.

Barter system did not have this problem.

You wanted something which you do not have ,another man has and has no need of it when you ask him.

The question of Money and valuation does not arise.

Thanks to Money Value system, some Value has to be fixed as Values of products vary.

Some joker said God is the standard and fixed it as a medium of exchange.

How To Complain About Banking Services Details

The Banking Ombudsman can receive and consider any complaint relating to the following deficiency in banking services (including internet banking):

non-payment or inordinate delay in the payment or collection of cheques, drafts, bills etc.;
non-acceptance, without sufficient cause, of small denomination notes tendered for any purpose, and for charging of commission in respect thereof;
non-acceptance, without sufficient cause, of coins tendered and for charging of commission in respect thereof;
non-payment or delay in payment of inward remittances ;
failure to issue or delay in issue of drafts, pay orders or bankers’ cheques;
non-adherence to prescribed working hours ;
failure to provide or delay in providing a banking facility (other than loans and advances) promised in writing by a bank or its direct selling agents;
delays, non-credit of proceeds to parties accounts, non-payment of deposit or non-observance of the Reserve Bank directives, if any, applicable to rate of interest on deposits in any savings,current or other account maintained with a bank ;
complaints from Non-Resident Indians having accounts in India in relation to their remittances from abroad, deposits and other bank-related matters;
refusal to open deposit accounts without any valid reason for refusal;