Back

T Ganesh

Science • 9m

1. I think this rule is to make people use Cash under payments of Rs. 2000. 2. So that, people will have cash for flexibility with no network areas. 3. People will use digital wallets. Then we have less bank transactions as there is no small transactions in bank statements. Please comment your views on my opinion.

1 replies
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

Agantuk Ghosh

We sell quality not ... • 3m

I want to create crypto transactions like money transactions coz if bank destroyed by in cause, we only get only 5 lakhs as per rbi rule and why we give our money to bank

2 replies5 likes
1

RV Dhameliya

Student • 8d

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

See More
0 replies6 likes
Image Description

Rohan Saha

Founder - Burn Inves... • 3m

RBI signs MoU with Bank of Mauritius to promote use of local currencies for bilateral transactions.

2 replies5 likes

gray man

I'm just a normal gu... • 2m

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

See More
0 replies15 likes

CA Jasmeet Singh

In God We Trust, The... • 1m

3 DIY Health Checks Every Founder Should Do Monthly 1. Cash Flow Pulse Check → Ask: Did I collect more than I spent this month? → If unsure, review bank statements & tally collections vs payments. Why it matters: Profitable on paper ≠ cash in bank.

See More
0 replies7 likes
Image Description
Image Description

Vedant SD

Finance Geek | Conte... • 8m

The Rise of Digital Payments in India India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu

See More
7 replies9 likes
2
Image Description

AKS

Business creator • 11m

How many people use Housing.com and 99acres for renting, buying houses, and other real estate transactions?

1 replies3 likes
Image Description
Image Description

Jaswanth Jegan

Founder-Hexpertify.c... • 1y

Do you people use digital wallets?I don’t personally see any benefits of using it over UPI. Correct me if I’m wrong

22 replies9 likes
2
Image Description

Mridul Das

Introvert! • 4m

Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio

See More
1 replies6 likes
1

Download the medial app to read full posts, comements and news.