The problem with money transfer with banks abroad is a huge problem for normal people.
The banks, especially the RBI makes rules and regulation to curb money laundring, by putting such measures, like the one daserpent1 faced.
This is the problem any person will face when trying to send money from any bank outside india. The real funny thing is that i can use a cred card on a foreign site and do a $500 purchase but i can't wire money out worth $500 for a purchase of the same product.
However, a person can use a Hawala to send as much cash abroad, without any restriction but when using a bank they have to be interrogated like a criminal.
When a person wants to send small amounts the banks treat them like criminals. but when you are a multi millionaire the banks will send people to your house to puck up cash and have it sent to Swiss banks without any questions asked.
The banks are the true criminals, and all they do is to put down the comma man. The faster the world adopts bitcoins the better it is for every one and more freedom from the criminal banks.
Very true. As soon as a govt office ( police station, mtnl, banks) sees a young guy, in their mind they have already decided to NOT do whatever the guy is going to ask. I think all these 40-60 yr old people are so fed up of their own kids that they think all kids ( less than 30 yr old) are stupid and clueless.
I am sure if a rich guy in his 35-45 yr would have walked into the bank with the same forms that I had, he would be given tea, made to meet the manager directly and would get his work done in an hour.
I was harassased as if i was trying to fund some terrorist group.
