Live without Cash

[biswa]

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Just saw this web page from ICICI Bank; it is a good start.
http://www.lwcmovement.com/living_without_cash.aspx

[h=3]Living Without Cash[/h]
Choose from any one of the following non-cash channels to take the Live Without Cash challenge for the next 30 days.
[h=5]Internet Banking:[/h] A convenient way to do banking from the comfort of your home or office. All you need is an internet connection, login ID & password to your internet banking account. Some of the transactions that you can do are:

• • Transfer funds
  • Online payments
  • Pay utility bills
  • Recharge prepaid mobile/DTH and a lot more.

For more information on Internet Banking, Click here
[h=5]Mobile Banking:[/h] Manage your bank account and do transactions like pay bills and transfer money through mobile banking application too. It is safe, secure & easy to use as it is password protected.
For more information on Mobile Banking, Click here
[h=5]Credit Card:[/h] A plastic card issued by a bank where you can swipe it for multiple transactions at merchants (online and offline) and pay the Bank on your due date. Credit cards now are widely accepted in India.
For detailed information on how to use & apply for a Credit Card, Click here
[h=5]Debit Card:[/h] Similar in nature to Credit Card, Debit Card too is a plastic card used at the merchants (online and offline) to make a transaction. The difference is that the card is linked to your bank in which you hold a Savings or Current Account. With every transaction, the amount instantly gets deducted from your Account.
For detailed information on debit card, Click here
[h=5]Pockets (digital wallet):[/h] A new way of making person to person small payments through a mobile based wallet app (like pockets) can ensure that you might not need to use cash again for even smaller payments like a cab ride or vegetable purchase. You can upload up to Rs.20,000/- into Pockets. You can undertake a single transaction of up to Rs.5,000/- on Pockets. If you have linked Pockets to your Savings Account, you can undertake a single transaction of up to Rs.10,000/-
For more information on how to get & use Pockets, Click here
[h=5]UPI (Unified Payment Interface)[/h] Launched by NPCI (National Payments Corporation of India, UPI enables all bank account holders to send and receive money from their smartphones and make offline & online payments to merchants without the need to enter bank account information like Account number, IFSC code or credit/debit card details or net banking userid / password
For more information on how to get & use UPI, Click here
So, start to Live Without Cash and contribute to the less-cash economy and spread the good word to ensure that people around you too start living without cash.

 

[vgane]

Most of the shops are having paytm...Easiest way to transfer money

 

[tbs]

Most of the shops are having paytm...Easiest way to transfer money

hi

what about VADHYAR SAMBHAVANAI......i think...every VADHYAR NEEDS SWIPING MECHINE OR PAYtm account....

 

[Raji Ram]

...... what about VADHYAR SAMBHAVANAI......i think...every VADHYAR NEEDS SWIPING MECHINE OR PAYtm account....

My recent VAdhyAr sambhAvaNai was five pink notes and twenty hundred rupee notes. opcorn:

Even cheques are not accepted.
Since all needed purchases were done by VAdhyAr, I did not run around to buy stuff! eace:

 

[tbs]

hi

many temple hundi/income and vadhyars income will suffer....

 

[GANESH65]

We have conducted a Rudraikadashini yester day and all the ritwiks were paid through electronic media like Paytm and bank transfer. The traditional sambhavanai custom was conducted with some one rupee coins. Of course all the arrangements including procurement of materials required were managed by ourselves. If any one wants the services of these ritwiks(Only in Delhi/NCR) I can arrange.

 

[vgane]

hi

many temple hundi/income and vadhyars income will suffer....

I got this message...

நமஸ்காரம் மாமா.. சொல்றதுக்கு கொஞ்சம் சங்கடமா இருக்கு. தட்சணைக்கு கேஷ் இல்லையே. என்ன பண்றது?


அதனால் என்ன . மொபைல் பேங்கிங் வச்சுருக்கேளா?


சுந்தர்ராம சாஸ்திரிகள், உங்களுக்கு இன்டர்நெட்ல டிரான்ஸ்பர் பண்ண சொல்லிடட்டுமா?


ஸ்வாமின்னு ,,உங்களுக்கு ஓ கே வா ?


எனக்கு பே டி எம்ல பண்ணிறேளா?


சாஸ்திரத்துக்கு ஒரு ரூபாய் காயின் வையுங்கோ.
வெத்தலை மேலே ஒரு சொட்டு ஜலம் விடுங்கோ . மொபைல் போன் மேலே பேருக்கு இன்னொரு சொட்டு ஜலம். வாட்டர் ப்ரூஃப் தானே?


இரண்ய கர்ப, கர்பஸ்தம் ஹேம பீஜம் உபாவசொஹொ அனந்தகோடி புண்ய பலதே .யதசாந்த்யம் பிரயச்சமே ... சொல்லுங்கோ . ப்ரத்யாப்திக ஸ்ரார்த்தே... சுப்ரமண்ய.. சர்மனே.... குரு தக்ஷணா.. எலெக்ட்ரானிக் தாம்பூலம் கரிஷ்யே..!!!!!

 

[tbs]

I got this message...

நமஸ்காரம் மாமா.. சொல்றதுக்கு கொஞ்சம் சங்கடமா இருக்கு. தட்சணைக்கு கேஷ் இல்லையே. என்ன பண்றது?


அதனால் என்ன . மொபைல் பேங்கிங் வச்சுருக்கேளா?


சுந்தர்ராம சாஸ்திரிகள், உங்களுக்கு இன்டர்நெட்ல டிரான்ஸ்பர் பண்ண சொல்லிடட்டுமா?


ஸ்வாமின்னு ,,உங்களுக்கு ஓ கே வா ?


எனக்கு பே டி எம்ல பண்ணிறேளா?


சாஸ்திரத்துக்கு ஒரு ரூபாய் காயின் வையுங்கோ.
வெத்தலை மேலே ஒரு சொட்டு ஜலம் விடுங்கோ . மொபைல் போன் மேலே பேருக்கு இன்னொரு சொட்டு ஜலம். வாட்டர் ப்ரூஃப் தானே?


இரண்ய கர்ப, கர்பஸ்தம் ஹேம பீஜம் உபாவசொஹொ அனந்தகோடி புண்ய பலதே .யதசாந்த்யம் பிரயச்சமே ... சொல்லுங்கோ . ப்ரத்யாப்திக ஸ்ரார்த்தே... சுப்ரமண்ய.. சர்மனே.... குரு தக்ஷணா.. எலெக்ட்ரானிக் தாம்பூலம் கரிஷ்யே..!!!!!

hi

பேஷ்...பேஷ்.......இதுவரைக்கும் நான் income tax கட்டினதே இல்லை...நீங்க tax சேர்த்து குடுங்கோ ;;;;

ஏன்னா நான் income tax கட்ட வேண்டி இருக்கும்.....இல்லேன்னா income tax காரங்க ரெய்டு

பண்ணுவாங்க .....இனிமேல் எல்லா தக்ஷிணைக்கும் tax தனியாக போடுவோம்......என்ன

செய்யறது....எல்லாம் கலி காலம் ....ஒரு காலத்திலே ஸ்வர்ண தக்ஷிணை என்று

சொல்லி தங்க காசு தந்தாங்க ....இப்போ எல்லாம் plastic card வாழ்க்க்கை.....

 

[Raji Ram]

வாழ்க்கை இப்போ .....

hone: ''மாமா! இந்த வருஷம் இந்தியாவுக்கு வர முடியாது.

Skype-ல ஸ்ராத்த மந்த்ரங்களைச் சொல்லித் தாங்கோ.

தக்ஷிணை + Tax எலெக்ட்ரானிக் ட்ரான்ஸ்ஃபர் பண்ணிடரேன்!''

hone: ''சரிப்பா அம்பி! ரொம்ப சந்தோஷம்!''

 

[biswa]

I am intrigued by the UPI option as it is cross-bank and cross-platform. Does anybody have experience using it?

 

[renuka]

We seem to want to be paperless,cashless..mechanize everything yet when there is a system shut down everything comes to a stand still.

We are becoming brainless...unable to depend on doing anything manually...we let gadgets rule our lives..very soon no one will even hold a pen anymore..people only type.

In the old days when everything was manual there was never a standstill..no system shut down..no nothing yet there was no problems and life went on well.

Sometimes I feel like just throwing everything away and own nothing so that I can use my brain and be myself.

I feel to rob the option of doing things manually is a crime to the human mind.

I guess becoming Brainless will be the neo-plague!

Doesn't anyone miss being "Manual" and using our brains and being ourselves?

 

[Raji Ram]

...... Doesn't anyone miss being "Manual" and using our brains and being ourselves?

Yes, I do, Renu.

For example, bank staff have forgotten to update the pass-books and need the machine to do the printing.

Power cuts make them sit idle and :gossip: about the movies they had watched during the week end! :blah:

 

[Raji Ram]

One more dangerous change I find is the addiction to I-pads by the tiny tots! :baby:

They are fed when they view cartoons on I-pads and don't even know what enters their stomach! :tsk:

I find this disgusting but can't correct any of the moms! :sad:

P.S: Since this is an important issue, I am posting it here without opening a new thread!

 

[renuka]

Yes, I do, Renu.

For example, bank staff have forgotten to update the pass-books and need the machine to do the printing.

Power cuts make them sit idle and :gossip: about the movies they had watched during the week end! :blah:

Dear RR ji,

When system is down..payments cant be made...when system is down..passports cant be renewed...when system down...flights cant take off!

For heavens sake fighter pilots were flying planes when computers did not exists.

These days no MRI or Ultrasound a docs brains wont work!

So much dependency on machines that the human brain is not put to work.

I am glad I still maintain some amount of being manual in my life.

 

[tbs]

hi

even sometimes...i hate too much technology.....more robotics than human beings...humans will more animal like behavior...

 

[GANESH65]

Dear RR ji,

When system is down..payments cant be made...when system is down..passports cant be renewed...when system down...flights cant take off!

For heavens sake fighter pilots were flying planes when computers did not exists.

These days no MRI or Ultrasound a docs brains wont work!

So much dependency on machines that the human brain is not put to work.

I am glad I still maintain some amount of being manual in my life.

That's because you never been to an Indian state called Kerala. Spent time time there. You will change your mind and say technology is everything and mannual works should totally be avoided. There exists a unique thing called "Hartal". That is quite a common feature there and is used every now and then to throw life out of gear. For every small incidents the political parties call a hartal and paralize normal life. If people are keeping them afloat there, it just because of automation. Many daily requirement like banking and bill payments, petty shopping (although delivery of items depends on endinf Hartal) etc can be done through online. Except Hospitals and Police, everything come to a stand still. And you are not even allowed to use your personal vehicle. Of course these people talk very high about personal liberties also!! Want to try?!!

 

[zebra16]

Doesn't anyone miss being "Manual" and using our brains and being ourselves?

Are you surprised?

Flash back to five years or so in this very forum. Members used to discuss, debate and fight after giving their view points or opinion on the points raised in the subject matter. When challenged or when authentic version was demanded, they used to copy paste the relevant portion in the reply/message of the authoritative sources.

Fast forward to the present: People merely copy paste newspaper cuttings and clips in lieu of their experience and many posts are merely copy pastes without even containing what their view point is !!!

 

[zebra16]

I feel to rob the option of doing things manually is a crime to the human mind.

I guess becoming Brainless will be the neo-plague!

Doesn't anyone miss being "Manual" and using our brains and being ourselves?

Let me share my experience of about 10 years back. I had to make tax deposit in State Bank of India and had drawn money from another bank. When I deposited the amount, the SBI cashier passed the cash through his note counting machine and declared that there was shortage of one note. He handed over the note bundle to me asking me to replace.

I was surprised and manually counted in front of him and the packet was containing full quota of 100 notes. I asked him to check manually and he being a bit known to me did so and the packet was full with no shortage. When he passed the bundle through the machine, it again showed one note shortage !!!

He asked me to replace the bundle anyway as while closing the cash the notes have to pass through the note counting machine and no one would bother about any explanation. What the note counting machine decided was final and binding

 

[prasad1]

That's because you never been to an Indian state called Kerala. Spent time time there. You will change your mind and say technology is everything and mannual works should totally be avoided. There exists a unique thing called "Hartal". That is quite a common feature there and is used every now and then to throw life out of gear. For every small incidents the political parties call a hartal and paralize normal life. If people are keeping them afloat there, it just because of automation. Many daily requirement like banking and bill payments, petty shopping (although delivery of items depends on endinf Hartal) etc can be done through online. Except Hospitals and Police, everything come to a stand still. And you are not even allowed to use your personal vehicle. Of course these people talk very high about personal liberties also!! Want to try?!!

The situation is similar in Bengal, Bihar, Jharkand, Telengana, and many states.

 

[prasad1]

Anurag Salaria, a sports goods maker, was standing outside his unit in a run-down area of Jalandhar. "I have told 10 workers to go on unpaid leave," he said.
The central government's November 8 announcement banning high-value notes has left hundreds jobless in the city's famous sports goods hub.

Salaria supplied around 100 boxes of shuttlecocks daily before demonetisation. Now it is down to less than a third of that. Of the workers who have remained with him, Salaria has been paying them Rs 500 a week on the promise that their dues will be cleared once the currency situation improves. The workers insist on cash payment because many don't have bank accounts and those who have them do not want to stand in long queues.

By rough estimates Jalandhar has about 20,000 small-scale sports goods-manufacturing units, and 100 medium-scale ones. The latter's annual combined turnover is not less than Rs 450 crore. The small-scale units, on the other hand, are in the unorganised sector and use cash, which makes it difficult to estimate their turnover.

But the small-scale units are big employers. Before demonetisation, 16 different people made one shuttlecock at Salaria's unit. Full-time workers were paid between Rs 200 and Rs 220 a day, depending on the work they could finish. Part-timers, including housewives and young women, got Rs 3 for finishing 12 shuttlecocks.

"Now I get work on alternate days," said Asha Rani, a 24-year-old college student. Rani is yet to be paid Rs 2,000 for the work she did last month. Her mother, Sudesh Bhagat, has less work to do than earlier. She stitches footballs, and is worried about buying ration for the next month. Her husband works at a shop, earning Rs 6,000 per month.

Ravinder Dhir, president of a Jalandhar-based trade association, says demonetisation has been a setback for the sports goods industry in the city, located 152 km from Chandigarh.
"Sports goods are luxury items. Demand for our products usually picks up after Diwali, but demonetisation has ruined the high season. Now the sellers are sitting idle," Dhir said, pointing to the shops, which had a deserted look. "Traders are unwilling to travel to Jalandhar for fear that they would be arrested if found carrying cash. The ripple effect will be felt for another two years."
Manufacturers say the makers of cricket bats, balls, shoes and gym equipment have been in the doldrums for the past two to three years. This was because of the emergence of allied hubs such as Meerut in Uttar Pradesh and Jammu and Kashmir for sports goods.

"I regret having involved my son in the business. We are on the verge of a complete shutdown. Workers have gone," said Bal Krishan Gidwal at his home-run football manufacturing unit in Jalandhar.

http://www.rediff.com/business/spec...ndreds-in-jalandhar-sports-goods/20161227.htm

 

[prasad1]

At the stroke of the midnight hour of December 31, the year 2016 will be demonetised and a new year, 2017, will come into currency. On the other side of the planet, another country will be bracing itself for the new most powerful man in the world.

The aftereffects of the biggest events of 2016 will be felt for years to come. Prime Minister Narendra Modi, by his November 8 announcement, pushed a surprised nation into a state of cashlessness.
Demonetisation, despite the argument over its merits, could very well be the biggest boost for digital India since the arrival of the internet in India, 21 years ago.
For Indians reading this, chances are you will be reaching out for your phone more frequently to make payments and the credit and debit cards in your wallet will show more signs of wear and tear than ever before.
From being a convenience, cashless transactions are becoming a necessity. This necessity will push more and more users into the digital fold.
For a large numbers of Indians the first introduction to the internet is no longer in a dingy cyber cafe, but on an inexpensive Android phone. This small rectangular screen is fast becoming the window to the world for Indians and, as a result of demonetisation, is also on its way to becoming the window to their wealth.
This forced digital initiation will add large numbers of new digital citizens, whose digital existence will benefit the government as well as businesses. It will also get inactive internet users to get online more frequently.
The recent TRAI recommendation to provide 100 MB of free data every month will go a long way in connecting the unconnected in a future where network strength will define your degree of access to your own money.
Reliance Jio's entry has forced its competitors to lower data prices and this in conjunction with the effects of demonetisation will make it more attractive for Indians to go online. Also the government is already incentivising digital transactions.
However, this digital highway is full of potholes, that the government urgently needs to mend in 2017.
There are no laws in place that prescribe the minimum security standards that digital payment services need have in place. Also absent are regulations to protect user privacy and user data.
Data breaches have become commonplace. Some of the best known names in technology around the world have been affected by it. But India still doesn't have any strict regulatory enforcement regarding data breach disclosures.
Hackers are getting smarter and their attacks are hitting where it hurts the most. We are not really sure if the systems we have in place can withstand them.
Recently, information related to 32 lakh debit cards were reported to have been leaked affecting a number of banks. But the banks are not publicly talking about the breach. This not only highlights the need for financial institutions to secure data but also shows the obfuscation that the user has to face in such situations in India.
There could be many more breaches that haven't been revealed. There is an urgent need for India to have a data breach disclosure law.
Paytm, that has been at the forefront of the cashless campaign, till a few days ago didn't have a second layer of authentication to authorise payments. The new version of the app has included the feature, but it is still optional.
Users are generally known to choose convenience over security and therefore it is the responsibility of the government (and also the companies involved) to ensure that the user is forced to remain secure. Somewhat similar to the helmet and seat belt rules we have for driving bikes and cars on the road.
This cashless rush has also been straining existing infrastructure. There has been a noticeable rise in the downtime of payment gateways and apps since the demonetisation announcement.

A malicious attack, say in the form of a DDoS (Distributed Denial of Service), can make digital payment systems inaccessible to the public in such strained times. It has happened to MasterCard and Visa in the past and can happen to any digital payment service provider again.
This sudden rush towards a cashless India may have been unplanned, but even the apparently well-planned Digital India initiative is, at many places, merely a PDF-patchwork.

Digital, irrespective of the many claims, cannot kill cash any time soon. Unlike cash, cashless is not cross-platform. Point of Sale card swipe machines are not ubiquitous and many of them wouldn't accept certain kinds of cards.
As for mobile e-wallets, a retailer accepting Paytm might not accept FreeCharge and vice-versa. And as for the Universal Payment Interface, the usage and awareness of it is nowhere close to universal.
Much of the cashless transactions is dependent on internet connectivity, which is still patchy in many parts. The internet is also prone to disruptions because of forces of nature or executive actions (such as periodic banning of internet in Jammu & Kashmir and the North East). The internet-less USSD-based payment systems can come in handy but they the awareness about it is still low and there is a cost to the customer involved.
Cashless payments presuppose the possession of mobile phones and/or debit/credit cards, which is still a privilege for a large section of the population. The rural wireless teledensity in the country has just crossed the halfway mark.
Irrespective of the bottlenecks and the speed bumps, 2017 is going to be the year where more Indians will go digital than ever before. The government is appearing to do all that it takes to give demonetisation a semblance of success. This includes a heavy dose of digitisation.
Where money leads, people follow. The money is leading to a digital destination. Indians, in hordes, will follow.

http://www.news18.com/news/india/2017-the-year-of-digital-dhan-and-the-dangers-thereof-1327835.html

 

[prasad1]

[FONT=&quot]Petroleum dealers have threatened they will not accept debit or credit card payments starting Monday in protest against a 1% levy plus taxes on all such transactions, prompting harried consumers to rush to fuel outlets.[/FONT]
[FONT=&quot]The All India Petroleum Dealers Association said it has received an intimation from banks that a Merchant Discount Rate of 1% will be levied on all transactions done at the retail fuel outlets from January 9, according to the Indian Express.[/FONT]
[FONT=&quot]“We have suddenly received intimation from the bankers, reneging on their existing agreements with us…,” PTI quoted KP Murali, president of the Tamil Nadu Petroleum Dealers Association, as saying.[/FONT]
[FONT=&quot]This move was a ‘unilateral’ one by bankers who had installed card swipe machines at the fuel outlets, he added.[/FONT]
[FONT=&quot]Protesting the move, Murali said their margins were fixed on a per kilolitre basis and that they did not have scope to absorb these charges.[/FONT]
[FONT=&quot]“We have specific mechanisms to compute the margin and these do not have any scope for credit/debit card MDR. This will lead to financial losses for the dealers,” he said.[/FONT]
[FONT=&quot]Further, bankers were also “delaying payments” and not settling the entire dues, he alleged.[/FONT]
[FONT=&quot]“The reconciliation of swipes to amount being credited to our accounts is causing a lot of hardships and losses to a large percentage of the dealer community,” he said in a statement.[/FONT]
[FONT=&quot]“We will not be able to withstand the financial losses generated by these transactions and have decided to stop accepting Credit/Debit Cards from January 9, 2017,” he added.[/FONT]
[FONT=&quot]Hyder Ali, the association general secretary, said: “How can we do our business with losses?”[/FONT]
[FONT=&quot]Murali said the dealers have requested Oil Marketing Companies and various authorities to intervene and address the situation.[/FONT]
[FONT=&quot]Meanwhile, the announcement has prompted motorists to rush to fuel outlets to fill their vehicle tanks by making payments through debit and credit cards.[/FONT]
[FONT=PT Serif, serif]A motorist told PTI this move will add to their difficulties with few ATMs dispensing cash due to demonetisation.[/FONT]
http://www.hindustantimes.com/india...from-monday/story-aAcrLiGxAwRmSdMpGnI1PM.html

I am sure RBI will come out with another policy statement. This whole fiasco could have been avoided, if they had studied the situation a little longer, instead of rushing into it.