Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Proper boosting is necessary for Making India Cashless is need of the hour

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Proper boosting is necessary for Making India Cashless is need of the hour - By: - G Binani - Other Topics - Dated:- 6-8-2018 - - It is well known that due to PM Modiji's initiation self attestation got implemented and that step still provide relief to we all. Inspired with above I am also trying to draw attention towards small administrative type of reform matters which wil .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l definitely provide relief to masses, if get implemented Now with great expectation I am approaching you all citing details as below which if gets notified then in turn will provide relief to masses. I draw your attention towards two important charges being collected by bank against net banking though Modiji-our PM is calling for making India cashless .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... i.e. maximum use of banking system whereas banks are collecting charges not only for net banking but also for issuing OTP particularly from senior aged persons, widows, rural residents, students, etc.etc. which is not only surprising but pinching too. In my opinion OTP should be always a part of Mandatory SMS and there should not be any charge for Net Banking otherwise .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... customers will prefer cash transaction avoiding banking channel. In view of above there should not be provision for these charges in any type of account whether Senor Citizen OR Sabka Basic Savings OR Jandhan a/c etc. etc. I trust as requested you all will ask bank management to revisit all plans and make OTP as mandatory SMS and there should not be any charge directly OR .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... indirectly for Net Banking in any scheme. In view of above it is requested to initiate so that RBI should come out with administrative order asking all not to charge in any manner for net banking use and also make OTP as mandatory SMS. Trust readers, in their own interest will take above seriously and extend their desired cooperation i.e. will raise suitably at all levels eithe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r individually OR thru their forums keeping in mind that these are important for making society cashless . G D Binani Bikaner [email protected] 7976870397 / 9829129011 - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates