Message from RBI

Message from RBI
– A very useful tip while withdrawing funds from an ATM.
– Press ‘cancel’ button twice before inserting the card. If anyone has set up the key pad to steal your PIN code, this will cancel that set up.
Please make it a habit and part of every transaction that you make. Share for Your Circle People

What’s wrong with Cashless Transaction..?

Q:- What’s wrong with Cashless Transaction..?

A:- Sir think that a 100 rupee note is circulated 1,00,000 times it will have the same value, nobody gets any commission.

But if it is circulated through cashless transactions, each transaction fetches 2.5% commission, that means 1,00,000 times 2.5% = 2500% i.e. Rs. 2,50,000 (Rs. Two Lakhs fifty thousand Rupees) to service providers like Paytm or Jio Money etc. Just for hundred rupees.

So, it’s a perpetual golden egg laying goose gifted to the gang.

That’s why this is the Mother of all scams Very important statistics please read & understand, no politics in this.

Do you know…

1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.

2) Credit Cards charge beteen 1.5%-2.5% to the retailer of the money receiver for every transaction.

3) PayTM/Freecharge/ Jio Money and other E-wallets charger 2.5% -3.5% when you want to transfer your e-wallet money into your bank a/c.

RBI data shows that every month around 2.25 lakh crore (Anually Rs 25 -30 lakh crores) is withdrawn from ATM’s across India. And it is estimated that along with bank withdrawals, a total of Rs 75 lakh crore is withdrawn ( both banks and ATMs) on a yearly basis. All this is accounted/tax-payed money which is withdrawn from banks. Currently, just 3% of transactions are in electronic mode…

If this 75 lakh crore is converted into a #cashlesseconomy, look at how much the companies will earn.. (75 lakh crores times 2% average) Rs 1.5 lakh crore per year!…

This is the biggest open scam. Direct benefit for Corporates like Reliance, PayTM, e-Banks etc. of Rs 1.5 lakh crores per year…

This makes me wonder, was Demonetization done to end black money or was it actually done to benefit Corporates?