FINAL ADC-PPT LALIT DEC

Syndicate Bank : Training Centre : Delhi3/21/2017 1

PRESENTATION

ON

CASHLESS ECONOMYBY


BY

SYNDICATE BANK

Demonetization..

(�वमु��करण)

� Demonetization is the act of striping a currency

unit of its status as legal tender.


unit of its status as legal tender.

� It refers to discounting of current currency units

and replacing those currency units with new

currency units.


Benefits of Demonetization..

� Curb on Black money and corruption

� Stop on illegal activities e.g. terrorism

� Curb on counterfeits notes


� Curb on counterfeits notes

� Disclosing income

� Tracking the transactions

� Increase the usage of Digital Channels for

payments

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.


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.


Cashless Economy…

� A cashless economy is one, in which all the


� 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.

Countries having cashless economy..


Countries Cashless transaction

Singapore 61%

Netherland 60%

France 59%

Sweden 59%

Canada 57%

India 2%


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


� No. of Internet user in India- 462.1 million

Benefits of Cashless Economy

� Convenience

� Discount

� Tracking spends


� Tracking spends

� Budget discipline

� Lower Risk

� Small Gain in the form of discount

Use of Digital Payments..� Cash Withdrawal (365X24X7)

� Fund Transfer & NEFT/RTGS

� Bank Account Maintenance

�Online A/c opening & Loan Apply

�Online Shopping


�Online Shopping

� Off-line Shopping

� Bill Payments

� Recharge

� Tickets Booking

�Time Management

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.


Do we require cash?







How to use it?


Conclusion.

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

Cash Requirement:

� We need cash for:

i) Purchasing groceries.

ii) Payment of Utility Bills.

iii) Fees (School/ Subscription/ Medical)

iv) Loan repayment.


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.


Do we require cash?







How to use it?


Conclusion.

Other Payment Modes:

� Cheque/ DD/ Pay Order

� ECS

� NEFT

� RTGS

� ATM-cum-Debit Card

� RuPay Card

� Credit Card


� Credit Card

� Internet Banking

� Mobile Banking

� IMPS

� e-Wallets

� UPI

� AePS (Micro ATMs)


Do we require cash?







How to use it?


Conclusion.

Why Digital Payment Mode:

YOU ARE IN A

ELECTRONIC


ELECTRONIC

WORLD

Why Digital Payment Mode:

YOU ARE IN A

ELECTRONIC

YOUR

PAYMENTS ARE ALSO

ELECTRONIC NOW !


ELECTRONIC

WORLD

What is in it for US :



`


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.


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.

RuPay Card Platinum Debit Card

� Syndicate Bank launches RuPay Platinum Debit

Cards, for use in India only, which shall be issued only

to Resident Indians.


to Resident Indians.

� Cash back on utility bills, Zero fuel surcharge

� Insurance

� Availability of Value added Services,

� Lounge Access

� Accelerated merchant discounts

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.


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.

SMS BANKING�SMS banking allows you to receive basicinformation regarding your bank accountusing your mobile phone. For instance, youcan request your bank send you a message


can request your bank send you a messageCredit / Debit alert, Balance Alert (Daily,Weekly, Fortnightly, Monthly), Over drawlAlert.

Synd e-Passbook


MOBILE BANKING

� Facility, for using Banking Facility fromAnywhere

� Available round the clock 24*7,

� Easy, Convenient & Secure, also an ideal choice


� Easy, Convenient & Secure, also an ideal choicefor accessing services Banking Facility fromAnywhere

� Value Added Services- DTH/Prepaid MobileRecharge

Mobile Banking.. My Wallet..


MOBILE BANKING

� Fund Transfer

� Beneficiary Management

� Requests


� Requests

� Mobile/DTH Recharge

� Utility Bill Payments

� Debit Card Management

INTERNET BANKING

�Transact & Control you’r A/c online

�Multiple things IB allows customers toconduct financial transactions online on asecured website.


secured website.

�Monitor from home or office

� IB service makes banking Easy &Convenient.


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.

Please dial *99# from the

registered Mobile Number

Mobile Banking through USSD(NUUP) *99#


3 letters of bank short name- SYN

4 letters of bank IFSC- SYNB

2 letters of Bank Numeric code-55

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#

NUUP Fast Paths


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*#

U.P.I.


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.

Aadhar Enable Payment System(AEPS)


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


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)


Government Initiative..



Thank YouThank You



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