Can you imagine students withdrawing INR 100 ($1.57) and paying 10% of it as fees to the bank! It suddenly feels like the incredible Bitcoin and it's ever increasing exorbitant fees.

This is a sad truth. Banks feel like entitled since they know that the economy needs their existence. They are actually using this to their advantage, as if blackmailing the government. In the end, it's the people who suffers -- hardworking individuals who themselves make the economy move as well.

Let's just wait. People now are becoming smarter (I hope), and more and more of us are starting to realize that we should have the upper hand. Let the banks beware.