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Saturday, August 1, 2009

Topic of the Week - ePayments-An Alternate to Forged Notes

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







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All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant