Demonetisation: 3 simple ways you can go cashless
- Net banking helps you do various banking activity and also make payments.
- By using e-wallets you can get better returns for your money.
Â
Since the demonetisation, India is facing a serious cash crunch situation, and we are still somehow finding it difficult to manage our day to day expenses. One of the reasons behind this economic move is to give a push to digital transactions, and the government has adopted various measures for the same including waive off of transaction charges via debit card till December 31, 2016.Â
Â
The urban India has means to go cashless as there as enough means and tools available for the same.Â
Â
Here are 5 simple ways that will help you adopt digital transaction in India:Â
Â
1. Net banking:Â
Â
If you have not yet activated your net banking, then you are seriously missing out on something important. Through net banking, you can keep a check on your account and do a number of banking operations without visiting your bank branch.
Â
Apart from this, you can also make online payments for various transactions including shopping through e-commerce sites, purchasing flight and train tickets, and many other things wherever payment through net banking option is available.Â
Â
2. Card swipe:
Â
Payment through card swiping has become a common facility available in most restaurants, grocery stores, shopping malls and other places. You can also get your metro card made or recharged using your debit or credit card.Â
Â
Since charges on credit card transactions have been waived off till December 31, 2016, make the most of this opportunity.Â
Â
3. E-wallets:
Â
There are multiple e-wallets available through which you can do a number of things. There is PayTM, FreeCharge, PayUmoney, Mobikwik that are the popular medium of making payments, transferring money, and do quite a few things.Â
Â
The good thing about using the e-wallet is there is cashback, coupons, and a lot of other interesting offers hand to let go off. From ordering food to paying at restaurants, to buying movie and train and flight tickets, the e-wallets are good at many things.Â
Â
However, do not use e-wallets to park big amount of money since anyone who gets your smartphone can make any transaction using your money. These wallets lack security layers but are otherwise a good medium of digital transaction.Â
Â
Since cash has taken a back seat and it is still unclear when the situation will improve, it is better to adopt and get used to digital transactions.Â