There is a lockdown in the country till May 3 due to the outbreak of coronavirus. This is the second stage of the lockdown. The lockdown was in force from March 24 to April 14 in the first phase. Because of the growing case of the corona, it has been extended again. In the lockdown, people are imprisoned in homes. In the meantime, if you are also going out to withdraw money from ATMs and you are not getting the money, there is no need to bother about it. We are telling you about options other than cash, which can help you.
Plastic Money
The dependence on cash has gone down considerably due to plastic money. Due to debit and credit card facilities, people are using cards instead of cash. The bank charges online services on the basis of transactions. These charges are different from every bank. Know about similar net banking and mobile banking services-
Unified Payments Interface (UPI)
The UPI service helps in transferring funds by connecting national payments banks. Both those who send money to use it and receive money should have a UPI identity. Each bank has a separate UPI app.
NEFT/RTGS
The National Electronic Funds Transfer (NEFT) payment system facilitates funds to fund. There is no minimum or maximum amount restriction, but a bank can put some hurdles on the per-transaction amount. Real-Time Gross Settlement (RTGS) facilitates one to one and business to business transfer for a large amount. The transfer is made in real-time.
Mobile Banking
You can run your bank account from the bank’s app or browser. The most prominent feature is that it can be easily operated. The user can use many of the bank’s services in a few taps.
Mobile Wallet
At present, the use of a mobile wallet has increased considerably. This can be paid from phone bill to DTH recharge and vegetable bill to cab bill. There is no charge on the transfer of money in the mobile wallet.
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