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‘Changing rules like PM changes his clothes’: Rahul Gandhi mocks RBI on fresh curbs on deposits

Congress vice-president Rahul Gandhi on Tuesday questioned the new RBI cap on deposits of demonetised currency and said the central bank is changing rules like the PM changes his clothes.

India TV Politics Desk, New Delhi [ Published on: December 20, 2016 16:31 IST ]
Rahul Gandhi questioned the new RBI cap on deposits of demonetised currency Photo:PTI

Congress vice-president Rahul Gandhi on Tuesday questioned the new RBI cap on deposits of demonetised currency and said the central bank is “changing rules like the PM changes his clothes.” 

“RBI is changing rules like the PM changes his clothes,” Gandhi tweeted, first in English and then in Hindi. 

The Reserve Bank of India on Monday imposed stiff restrictions on depositing more than Rs 5,000 in the scrapped Rs 500 and Rs 1,000 notes, mandating that it can be deposited only once per account till December 30, that too after explaining to bank officials the reasons for not having done that so far. 

Stipulating that restrictive conditions will also apply on the cumulative deposit of such notes in a single account when it exceeds Rs 5,000, RBI said that defunct currency up to any amount can be deposited under the new black money amnesty PMGKY scheme.  

"It has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016," RBI said in a notification.  

Today, Finance Minister Arun Jaitley clarified that people won't be questioned if they deposit old currency of any amount at one go. 

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