3/21/2017 Syndicate Bank : Training Centre : Delhi 1 PRESENTATION ON CASHLESS ECONOMY BY SYNDICATE BANK 3/21/2017 Syndicate Bank : Training Centre : Delhi 2 Demonetization.. (वमुकरण) Demonetization is the act of striping a currency unit of its status as legal tender. It refers to discounting of current currency units and replacing those currency units with new currency units. 3/21/2017 Syndicate Bank : Training Centre : Delhi 3 3/21/2017 Syndicate Bank : Training Centre : Delhi 4 Benefits of Demonetization.. Curb on Black money and corruption Stop on illegal activities e.g. terrorism Curb on counterfeits notes Disclosing income Tracking the transactions Increase the usage of Digital Channels for payments 3/21/2017 Syndicate Bank : Training Centre : Delhi 5 Best tweets on Demonetization.. Demonetization is bold move that will propel India to the forefront of #digitalpayments. – Sunder Pichai (CEO- Google) This is not affecting lower class & middle class people, only Rich & Super Rich are searching new countries for black money. This ban on 500 & 1000 notes brought all the black money collected by house wives. Met some hot singles in the Bank queue. Thank you Modiji Don’t know if line to ATM or Shirdi 2016 has been really bad for notes like 1000/-, 500/- & Samsung Galaxy Note 7 Deposited 2.5 lacs in my wife’s A/c, now waiting for IT Department. 3/21/2017 Syndicate Bank : Training Centre : Delhi 6 3/21/2017 Syndicate Bank : Training Centre : Delhi 7 Cashless Economy… A cashless economy is one, in which all the transactions are done using cards or digital means. The circulation of physical currency is minimal. India uses too much cash for transactions. 3/21/2017 Syndicate Bank : Training Centre : Delhi 8 Countries having cashless economy.. Countries Cashless transaction Singapore 61% Netherland 60% France 59% Sweden 59% Canada 57% India 2% 3/21/2017 Syndicate Bank : Training Centre : Delhi 9 3/21/2017 Syndicate Bank : Training Centre : Delhi 10 Digital India Data No. of smart phone user in India- 340.2 million No. of basic phone user in India- 684.1 million No. of Internet user in India - 462 .1 million 3/21/2017 Syndicate Bank : Training Centre : Delhi 11 Benefits of Cashless Economy Convenience Discount Tracking spends Budget discipline Lower Risk Small Gain in the form of discount 3/21/2017 Syndicate Bank : Training Centre : Delhi 12 Use of Digital Payments.. Cash Withdrawal (365X24X7) Fund Transfer & NEFT/RTGS Bank Account Maintenance Online A/c opening & Loan Apply Online Shopping Off-line Shopping Bill Payments Recharge Tickets Booking Time Management 3/21/2017 Syndicate Bank : Training Centre : Delhi 13 Objective of Workshop: Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? Is it convenient to use? How to use it? Precautions to be taken. Conclusion. 3/21/2017 Syndicate Bank : Training Centre : Delhi 14 Objective of Workshop: Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? Is it convenient to use? How to use it? Precautions to be taken. Conclusion. 3/21/2017 Syndicate Bank : Training Centre : Delhi 15 Cash Requirement: After the demonetisation of High Value Currency notes and consequent rush at Bank’s counter to get cash, One Question is very prominent: Can we survive without 3/21/2017 Syndicate Bank : Training Centre : Delhi 16 Cash Requirement: We need cash for: i) Purchasing groceries. ii) Payment of Utility Bills. iii) Fees (School/ Subscription/ Medical) iv) Loan repayment . v) Purchasing of clothes etc. vi) And many more things….! But, in fact, We need a PAYMNET MODE and “not cash” to meet our day to day requirements. 3/21/2017 Syndicate Bank : Training Centre : Delhi 17 Objective of Workshop: Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? Is it convenient to use? How to use it? Precautions to be taken. Conclusion. 3/21/2017 Syndicate Bank : Training Centre : Delhi 18 Other Payment Modes: Cheque/ DD/ Pay Order ECS NEFT RTGS ATM-cum-Debit Card RuPay Card Credit Card Internet Banking Mobile Banking IMPS e-Wallets UPI AePS (Micro ATMs) 3/21/2017 Syndicate Bank : Training Centre : Delhi 19 Objective of Workshop: Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? Is it convenient to use? How to use it? Precautions to be taken. Conclusion. 3/21/2017 Syndicate Bank : Training Centre : Delhi 20 Why Digital Payment Mode: YOU ARE IN A ELECTRONIC WORLD 3/21/2017 Syndicate Bank : Training Centre : Delhi 21 Why Digital Payment Mode: YOUR PAYMENTSYOU ARE AREIN A ALSO ELECTRONIC NOW ! ELECTRONIC WORLD 3/21/2017 Syndicate Bank : Training Centre : Delhi 22 What is in it for US : 3/21/2017 Syndicate Bank : Training Centre : Delhi 23 Objective of Workshop: ` 3/21/2017 Syndicate Bank : Training Centre : Delhi 24 Debit-cum-ATM Card: “Use Now, Pay Now” Available balance in your account can be used for withdrawal of cash from ATM or for shopping at around 10 Lakh Merchant establishments in India . User is identified by PIN and CVV no. Never Share your PIN, CVV and OTP. For safety purpose, you can request your Bank/ Branch to reduce daily usage limits. 3/21/2017 Syndicate Bank : Training Centre : Delhi 25 RuPay Card Platinum Debit Card V Syndicate Bank launches RuPay Platinum Debit Cards, for use in India only, which shall be issued only to Resident Indians . V Cash back on utility bills, Zero fuel surcharge V Insurance V Availability of Value added Services, V Lounge Access V Accelerated merchant discounts 3/21/2017 Syndicate Bank : Training Centre : Delhi 26 Credit Card: “Use Now, Pay Later” User gets interest free period for 20-50 days. User earns loyalty points/ cash points for every Rs . 100 /- spent . In emergency, Cash can also be withdrawn, but interest will be charged. Various offers/ awards are announced at regular intervals by card issuing Banks. 3/21/2017 Syndicate Bank : Training Centre : Delhi 27 SMS BANKING SMS banking allows you to receive basic information regarding your bank account using your mobile phone. For instance, you can request your bank send you a message Credit / Debit alert, Balance Alert (Daily, Weekly, Fortnightly, Monthly), Over drawl Alert. 3/21/2017 Syndicate Bank : Training Centre : Delhi 28 Synd e-Passbook 3/21/2017 Syndicate Bank : Training Centre : Delhi 29 MOBILE BANKING Facility, for using Banking Facility from Anywhere Available round the clock 24*7, Easy, Convenient & Secure, also an ideal choice for accessing services Banking Facility from Anywhere Value Added Services- DTH/Prepaid Mobile Recharge 3/21/2017 Syndicate Bank : Training Centre : Delhi 30 Mobile Banking.. My Wallet.. 3/21/2017 Syndicate Bank : Training Centre : Delhi 31 MOBILE BANKING V Fund Transfer V Beneficiary Management V Requests V Mobile/DTH Recharge V Utility Bill Payments V Debit Card Management 3/21/2017 Syndicate Bank : Training Centre : Delhi 32 INTERNET BANKING Transact & Control you’r A/c online Multiple things IB allows customers to conduct financial transactions online on a secured website . Monitor from home or office IB service makes banking Easy & Convenient. 3/21/2017 Syndicate Bank : Training Centre : Delhi 33 3/21/2017 Syndicate Bank : Training Centre : Delhi 34 Immediate Payment Service: 24 *7 Real time Instant money An innovative “Real-time” payment service, that is available ”round-the-clock” (even on Holidays) and facilitates interbank Account-to-Account Transfer. 3/21/2017 Syndicate Bank : Training Centre : Delhi 35 Mobile Banking through USSD(NUUP) *99# Please dial *99# from the registered Mobile Number 3 letters of bank short name- SYN 4 letters of bank IFSC- SYNB 2 letters of Bank Numeric code-55 3/21/2017 Syndicate Bank : Training Centre : Delhi 36 NUUP Fast Paths 1. Account Balance - Dial *99*55*1# 2. Mini Statement - Dial *99*55*2# 3. Fund transfer Using Mobile number and MMID - Dial *99*55*3# 4. Fund transfer Using Account number and IFSC- Dial *99*55*4# 5. Fund transfer Using Aadhaar number - Dial *99*55*5# 6. Know MMID - Dial *99*55*6# 7. MPIN-Dial *99*55*7*# 3/21/2017 Syndicate Bank : Training Centre : Delhi 37 U.P.I. 3/21/2017 Syndicate Bank : Training Centre : Delhi 38 Types of POS Terminals PSTN (Public Switched Telephone Network)- Operate on fixed Landline Network GPRS (General Packet Radio Service)- Operate on 2G & 3G Cellular Communication. In Store- For Merchant establishments having multiple outlets with centralized accounting & monitoring. 3/21/2017 Syndicate Bank : Training Centre : Delhi 39 Aadhar Enable Payment System(AEPS) 3/21/2017 Syndicate Bank : Training Centre : Delhi 40 Go Digital with Syndicate Bank.. 1. Open SB account in nearest Syndicate Bank Branch 2. Submit all required KYC Documents 3. Enroll your PAN No., Aadhar No. & Mobile No. in your account 4. Apply for ATM Card, SMS Banking, Mobile Banking & Internet Banking at Branch 5. Download the App from Play Store 6. Start enjoying Digital facilities (E-Passbook, Synd Guide, Synd UPI & many more) 3/21/2017 Syndicate Bank : Training Centre : Delhi 41 3/21/2017 Syndicate Bank : Training Centre : Delhi 42 Government Initiative.. 3/21/2017 Syndicate Bank : Training Centre : Delhi 43 3/21/2017 Syndicate Bank : Training Centre : Delhi 44 Thank You 3/21/2017 Syndicate Bank : Training Centre : Delhi 45 3/21/2017 Syndicate Bank : Training Centre : Delhi 46.