Obtaining New Banknotes In India Is Now Possible With A Debit Card
Working around the cash shortage in India has become a puzzle. Banks are experimenting with ATM buses, and it is possible to hire people who will stand in line for you. Obtaining new rupee banknotes in India remains a big struggle to his very day. Nearly a month after the cash ban had gone into effect, a lot of residents are still waiting in line outside bank branches. Thanks to Snapdeal, it is now possible to purchase new bills online and have them delivered to a home address. Orders can be placed with debit cards, and there is one rupee commission. Things have gotten out of hand rather....
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Banks are perceived to be safe by most people. The common public is wary of risky investments and tend to gravitate more towards the familiar and what could be more familiar than the neighbourhood bank with a cash machine sticking out of the wall? The month of October has brought shocking news for Indian debit card users as more than 3.2 mln debit cards are now known to have been compromised. This compromise is the largest ever breach of security in the Indian banking system. The largest Indian bank, the State Bank of India has been the worst hit with more than 600,000 debit cards....
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How do you take the hatchet to one of the fastest growing economies in the world? Simple: Remove 86 percent of the circulating currency and call it an anti-corruption measure. Prime Minister Modi of India and his sidekick Urjit Patel, governor of the Reserve Bank Of India, seem to have gone ahead and done just that. Now that you don’t have any circulating cash, hey presto, you have a cashless economy. Welcome to the brave new India. Cashless economy ahoy! Indians are discovering that without their familiar Rs.500 and Rs.1000 banknotes that made up nearly 86 percent of all circulating cash,....