I assume that the misleading message is because of my assumption "***user is banned somehow***".

And therefor the message should rather be something like

>  ... - no more edits are allowed

(pick whatever fits to replace the '... -' suffix I suggested here).

Maybe add some extra indication like "because your userid has been banned" (or some variation of that). Better still: consider these refinements:

 1. include the applicable values for **rejects** and **approvals** indicators mentioned in one of the answers in http://meta.stackexchange.com/questions/91392 (which appears to be about questions and answers, not tags). In there it says:

 > When deciding on whether we should ban or not, we now look at your last 7 days of activity. If (rejects - (approvals / 3)) >= 5, you will be auto-banned.

 2. try to rework the (apparent) hardcoded value of "7" (in "7 days") in actual days left, similar to what is suggested in http://meta.stackexchange.com/questions/154785 (which appears to be about questions and answers, not tags). That could also partially address the feature request about http://meta.stackexchange.com/questions/91323/ ...  Because in the given scenario where the message was shown after 2 days, it would have been 5 days ... (7-2=5 ...).