Cashless transaction essay pdf

cashless transaction essay pdf

Ways of Digital Transactions, a common man today has variety of alternatives in the context of digital payments. This is a great initiative planned by the Indian government. The recruiter will send you progress status via mail or on the portal. The banking network and nation as a whole needs to have a dedicated cyber security law on place which mandates the Rights, Duties and Obligations of all stake holders. I will discuss both benefits and drawbacks of the cashless society in the upcoming paragraphs. Furthermore, carrying cards is safer because even if people lose them, they can promptly intimate their Bank to cancel their card on the spot. Read More, get Answer Sheet Photocopy of cbse Class 12 Board Exam 2019. This sector has seen a massive growth after demonetisation. 3, introduction, india has seen a dramatic move such as demonetisation. Cbse syllabus, for Classes.

PDF cashless transaction : Modes, advantages and disadvantages

A new India is in making. If people carry cards all the time and every cashless transaction essay pdf shop and vendor has a swiping machine available, people can become impulse buyers and end up purchasing things which they do not even require. Government has come up with a transformative mobile platform providing exercise known. There is no law passed by the parliament which legalises mobile payments. The Indian government is not trying to do all its processes online, that means we no more need papers for application and certificate. The RBI has mandated certain parameters for information security.

There will be no seating arrangements, no waiting areas to the consumer. In other words, least paper transactions will be involved, substituted by more digital transactions with the help of internet banking, digital wallets, Point-of-Sale machines, credit and debit cards, etc. Promotion of cashless transactions in the cbse affiliated schools. We pay with Debit, Credit Cards, Net Banking, Mobile Banking, E-wallets, Point-of-Sales, Coupons, Pre-paid cards etc. The schools should also make all payments for availing various services, procurements, wages to contractual workers and other transactions etc in non-cash mode.

Cashless society - Wikipedia

You will find the recruitment information online on their portal, if there is subscription facility you can get a mail too. Others forms pertains to debit cards and credit cards which are referred as plastic money cards. Next, as the cards are tiny, they can easily drop from the pockets, and people can lose a lot of money if they do not notice it promptly. These cards can be used. (Joseph Emmanuel) Secretary, ncert books, class 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 Free PDF Download (2019-20). These are having multiple implications on the economy with the following advantages and disadvantages. This will bring in more transparency and it will control the corruption, bribery at government offices.

Anyways somehow you reach to the officers table. (This really happened with me). In short, a cashless economy can only be possible with sufficient infrastructure and planning that are required for supporting an economy like India. Schools may organize cashless transaction essay pdf various programmes like workshops, seminars, competitions such as essay writing, slogan writing, elocution etc. Now the real struggle starts. We can rather use our mobile as a one-stop solution for all kinds of transactions such as bill payments, fees payments, funds transfer, recharge, etc. Today mobile is viewed as an instrument of making payments. It is a significant move in the economic history of the country. In the faceless transaction, you dont need to be present at a government office for application process or even for submitting the documents.

Essay on, cashless, india in English for Children and Students

There a long way to go to see it happening across India, in all states and all department at all levels. Credit, Debit cards and such other forms also called. It will ensure a black-money free India or rather the so-called parallel economy where people bypass the banks to gather money in their closets at home without coming under the purview of tax will suffer a setback. Disadvantages: Apart from the brighter sides of the cashless economy, there are also some darker sides associated with it as explained below: The cashless economy will see a hike in the hacking of the personal information over the internet. Model Answer: A cashless society is the one in which people use more Credit and Debit Cards instead of carrying Cash in their wallets. Crime rates have already started diminishing due to cash ban as most of the terrorist activities are funded with black money that has bore the brunt of this. The benefits of cashless transactions are enormous and the cbse has introduced e-payment facilities for collection of fee for examination, affiliation and various activities including payments to its examination functionaries. One of the most recent effects has been the move towards a cashless economy in India. But if we tap the card instead, we spend the exact amount. These days, there are Smartphone cases available, which have a card pocket made in them. On the contrary, there are plenty of benefits of going cashless.

Cashless, economy - Advantages and Disadvantages - Your Home Teacher

The customer wants his money to be secure, comfort in doing digital transactions without any hurdles and wants to be reassured that if there is a problem then some agency should be available where he can go through. The government has announced that those who use online payments for buying railway tickets or insurance will be given specific discounts. Read More, cBSE Marks Verification of Class This is further to Circular. This will, in turn, enhance the revenue received by the Government. First of all, a normal Indian dont know to which office to go, seldom we go correct place for the first time.

Essay - Advantages Disadvantages Of, cashless, society

There is a good news. Coord/SO(Ptg LOC/2019 dated.4.2019 on the subject cited above. Read More, cBSE Counselling, Helpline for Class Toll Free Number. That day is possible now when you can do any government process online on mobile from home or on the. The government is promoting and implementing a Faceless, Paperless, Cashless next generation government services. In simple words, when we pay for goods or services but not in form of cash (notes). Give couple hundred or sometimes thousand to skip the line and you are done. Advantages: Cashless economy is definitely a wise move, given the fact that it provides the following advantages: A cashless economy will allow less tension of tackling a wallet full of notes along with us, which is not. All the stake holders cashless transaction essay pdf in the digital payment ecosystem have to go for the cyber insurance in a big way. This session cbse Compartment Exam for Class 10, 12 from 2nd July, 2019. Indian government taking such awesome initiatives under leadership our PM Modi, we all should support his endeavours. The drastic digitalization over the past few years has indeed affected almost every sphere of our lives.

The most significant advantage is that people need not carry bulky wallets all the time. In short, cyber crimes will escalate like anything if proper internet security measures are not taken. Ncert solutions, for Class th 6th PDF Download Free All Grades. Read More, cBSE Class 12 Answer Sheets Rechecking, Re-Evaluation Board Exam 2019. You can share your views in comment box below. The government has gone an extra mile to encourage digital payments. To begin with the demerits, first of all, if the society goes cashless altogether, it can become more spend-thrift. India must come forward with a forward looking legal framework to support mobile payments at a time when 67 of all Indian online users are accessing internet from the mobile devices. One of the biggest advantages is the increase in the span of the income tax. Read More cbse Syllabus 2019-20 for Class 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1 ncert, cbse Syllabus for session Classes 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2,. Moreover, paying by card saves money in long run.

Promotion of cashless transactions in the cbse affiliated schools

The Board has been directing its affiliated schools to disburse salary to staff through bank transfers. Paperless Transactions, when we dont use, paper say for application processes, certificates, letters etc. Read More, cBSE Affiliation Bye Laws 2018, 2019. Hence the spread of digital payment culture along with the expansion of infrastructure facilities is needed to achieve the goal. Cashless India Essay 5 (300 words).

Essay on positive and negative impacts of cashless economy

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