Describes about the importance of being cashless for every Indian citizen in today's time & age + B.H.I.M App

1. CASHLESS
SOCIETY
By Sampada, NSS Wing,GZSCCET

4. 8 PARAMETERS
TO DECIDE MODE OF PAYMENT:
CASH VS CASHLESS
1.Time taken to complete a transfer/payment;
2. The financial details/information (e.g. account
number, name, IFSC code of bank etc) that you need
to complete the transfer;
3. How is the transaction validated/authenticated;

5. 4. Whether you will earn interest on the money
kept in reserve in the payment system?
5. Whether you need to specify who the money
is being transferred to in advance i.e. register
the beneficiary (recipient) of the money
(beneficiary registration);
6. What infrastructure/technical support is a
must for the transfer to happen
7. And lastly, what are the costs involved There
is no single 'best' payment option for everyone
and all transactions. However, you could try to
pick a payment option suitable for your purpose.

7. B.H.I.M
At a programme in New Delhi on
Friday, Prime Minister Narendra
Modi launched the mobile
payment app BHIM (Bharat
Interface for Money). Developed
by the National Payments
Corporation of India (NPCI), BHIM
is an aggregator for all UPI-based
services offered by banks.

8. U P I , O R U N I F I ED PAY M ENT
I N T E R FAC E , I S A PAY M E N T S YS T E M
T H AT A L LO W S M O N E Y T R A N S F E R
B E T W E E N A N Y T W O B A N K
ACCO U N T S BY U S I N G A
S M A R T PH O N E .
U P I A L LO W S A C U S TO M ER TO PAY
D I R E C T LY F R O M A B A N K ACCO U NT
TO D I F F E R E N T M E R C H AN T S , B OT H
O N L I N E A N D O F F L I N E , W I T H O U T
T H E H A S S L E O F T Y P I N G C R E D IT
C A R D D E TA IL S , I FS C CO D E , O R
N E T B A N K IN G / WA LL E T
PA S S W OR D S .

27. Now the question arises,
How to transfer money
using USSD short codes?

31. E-WALLET:
PAYTM

38. 1. Register your mobile number at bank for regular
information by SMS for every transaction
Never share your PIN to anyone
2. Transact at only trusted merchants
3. While at ATM, ensure no one is looking over your
shoulders
4.Download online payment apps only from official
stores such as Google Play and Apple Store.
Tips for secure
cashless transactions

39. 5. Before you download any app, verify the publisher.
The ‘Top Developer’ badge (in Google Play) is usually a
good sign that the app is safe. Also, read its user
reviews.
6. Choose established and well-known websites to make
your payments.
7. Never visit an online banking or shopping website by
clicking a link received in an email or text message.

40. 8. Always choose a strong password for accounts on net
banking or online payment apps. Ensure your password is at
least 8 characters long, has uppercase and lowercase letters,
numbers, and symbols. E.g., ‘Cool15is@King’
9. Avoid making cashless transactions from public
computers such as those in cyber cafes.
10. Do not use free, insecure Wi-Fi networks for making
online payments. Doing so may let an attacker steal your
information.

41. 11. Install a multilayered antivirus solution with the
below features:
•Blocking websites that are fake, fraudulent or infected.
•Blocking emails that carry malicious links or
attachments
•A secure browser for safe banking and shopping
transactions.