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> I think this withdrawal limit is too low and would inconvenience lot of folks Yup. If someone needs to pay for medical emergencies, they will suddenly have t
by mkagenius 10y ago
> I think this withdrawal limit is too low and would inconvenience lot of folks
Yup. If someone needs to pay for medical emergencies, they will suddenly have to ask for help from lot of people.
- yummyfajitas 10y agoOr use a credit card. When I had my back surgery a few years back, I just swiped for 1.2 lac. Of course, most people don't have a CC with that high a limit...
- mkagenius 10y ago> Of course, most people don't have a CC with that high a limit In India, no body has a CC, even debit card is only 22%
- KumarAseem 10y agoIn India, it is mostly the poor who don't have CC. Every upper class person has multiple CCs and most of the middle class, specially those in the age of 20-40 have atleast one CC. People may keep just one debit card but they do keep multiple CCs. And now even the poor have bank accounts and many have debit cards.
- leafee 10y agoHospitals and pharmacies are accepting the older bills for a longer window.
- mkagenius 10y agoNobody has that kind of cash at home, if some emergency comes tomorrow they will have to go to the ATM which will won't work, or banks which will be closed. Tomorrow and day after will be a bad day for people having emergencies unless hospitals are free of cost.