Tag Archives: cashless economy

ICICI, HDFC, Axis Banks Unleash Rs.150 Extra per Transaction, Citing Cashless Economy Drive

With the government and regulator RBI remaining mute witnesses to the horrors, private banks have unelashed Rs.150 per cash transaction and the three major private banks — HDFC Bank, ICICI Bank and Axis Bank — were in the forefront to unleash the new banking terror on customers. Other private and scheduled banks are waiting for the reaction of customers before ...

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Will India Ever Become a Cashless Economy?

An unfortunate customer visited a MORE store that belongs to Aditya Birla group in December last year and made a purchase for Rs.107. When his debit card was swiped, the power went off in the store and the lady at sales insisted to re-swiping the card. The customer had already received a message on his mobile that the amount was ...

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Govt Unveils Package for Promotion of Digital and Cashless Economy

To further accelerate the cashless economy, in the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes,  the Central Government has decided on a package of incentives and measures for promotion of digital and cashless economy in the country.  These incentives/measures are following:  The Central Government Petroleum PSUs shall give incentive by offering a ...

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