Cheque Books may become obsolete
Spoke to a friend who is associated with Traders confederation. He is saying Govt to promote cashless is looking at having banks stop cheques as mode of payment.
Without addressing cost of cashless this will be serious disaster and a big NO NO. I hope we are consulted with before any such move.
Also I read that Govt may give 2% discount if One uses mobile wallet to make gst payments. This is also not in good taste as benefeciary may be few private companies and not Govt.
Hope sanity and dialogue prevails. more
Without addressing cost of cashless this will be serious disaster and a big NO NO. I hope we are consulted with before any such move.
Also I read that Govt may give 2% discount if One uses mobile wallet to make gst payments. This is also not in good taste as benefeciary may be few private companies and not Govt.
Hope sanity and dialogue prevails. more
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View all 17 comments Below 17 comments
Like travelers Cheque & Bitcon money, banks may issue Rs 10,000, Rs 50,000& 1 Lac bills to pay. more
Jan 02
Cheques are cashless.. Cashless society is the aim. Hence I feel that in all fairness incentives should also be given for using cheques .. I understand that for doing digital transactions one needs to invest capital to buy electronic equipment and then has to go on spending recurrently to maintain the facility.. Who foots the bills?? Why the government is indirectly inducing senior citizens to spend additional money on electronic gadgets when their earnings are going down day by day? more
Nov 19
There is no authentic news of stoppage of use of cheque Even in cashless societies abroad, the practice of Bank draft/ cheque is prevalent. more
Nov 19
Cheques are as good as internet banking and maybe even better since they are less prone to fraud if one keeps the cheque book safe physically. more
Nov 20
Payments through cheque are also cashless transactions and are more secured than digital ones. Any such movement of the government, as reported, is not yet flashed in any news channels, either in print media or digital media and therefore, in my opinion, making any comments on the issue would be pre-matured. more
Nov 18
