ePayments-An Alternate to Forged Notes

For the last couple of days, some newspapers have published articles on circulation of forged currency notes in India. The same news was picked up by other media providers viz: TV Channels, Net Sites, Blogs.

Hence, Reserve Bank of India, immediately issued a clarification vide a Press Release.

The Press Release can be accessed at

http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=21124

The same Media Providers, have published articles saying that consumers Rs500/- notes are being subjected to intense scrutiny by shop-owners/staff

My question to all of you is why you don’t use your credit/debit card, instead of a 500 /- Rupee Note.

In my view, Rs500/- is used most, at the following locations

01) Petrol Station

02) Restaurants

03) Hotels

04) Super Markets

05) Cloth Show rooms

06) Education Fees

07) Hospitals

Majority of the above locations, are equipped with POS for Credit/Debit Card Transactions. Hence using your Credit/Debit Cards, will save you the embarrassment of the shop-attendant closely, scrutinizing your Rs.500/- Note.

At the same time, you can experience the magic of ePayments.

However, the following are to be kept in mind

01) Always let the Credit/Debit Card be in your view.

02) Never reveal the Pin Number to anyone.

03) Preserve the Transaction Slip, till your Statement of Account arrives.

Folks, enter the thrilling world of ePayments