Digital payment modes financial literacy initiative by syndicate bank

Syndicate Bank : Training Centre : Delhi05/03/23 1

SYNDICATE BANKorganises workshop on

Digital Payment Modes(Debit-Credit Cards/ PoS/ Internet Banking/ IMPS/

UPI/ AePS/ USSD)

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? What precautions to be taken. Conclusion.

To know more about:

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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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

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Cash Requirement:

We need cash for: i) Purchasing groceries. ii) Payment of Utility Bills. iii) Fees (School/ Subscription/ Medical) iv) Loan repayment. v) Purchasing of clothes etc. vi) And many more things….!

But, in fact, We need a PAYMENT MODE and “not cash” to meet our day to day requirements.

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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Other Payment Modes:

Cheque/ DD/ Pay OrderECSNEFTRTGSATM-cum-Debit CardCredit CardInternet BankingIMPSe-WalletsUPIAePS

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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Why Digital Payment Mode:

YOU ARE IN AELECTRONIC WORLD

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Why Digital Payment Mode:

YOU ARE IN AELECTRONIC WORLD

YOURPAYMENTS ARE ALSOELECTRONIC NOW !

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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What is in it for US :

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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Electronic Payment Channels:

`

AePS

E-Wallets

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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.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.

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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.In emergency, Cash can also be withdrawn, but interest will be charged.Various offers/ awards are announced at regular intervals by card issuing Banks.

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Point of Sale:

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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.

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Requirements for IMPS:

Bank account with any Participating Bank (126 SCBs)Mobile number registered with Bank for Mobile Banking.M-PinMMID – Mobile Money IdentifierAnd off course – Mobile Device – Any basic mobile phone or smart phone, with or without Internet Connection.

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How to use IMPS:

IMPS can be availed through: i) Mobile Application/ Internet BankingIi) SMSIii) NUUP

Different Banks have different Apps and Key Words for accessing IMPS through SMS.

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How to use IMPS:

IMPS can be availed through: i) Mobile Application/ Internet BankingIi) SMSIii) NUUP

Different Banks have different Apps and Key Words for accessing IMPS through SMS.

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Fund Transfer Through NUUP:

Dial *99#

Enter Details

Authorise transaction by entering your M-Pin

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IMPS fund Transfer Flow:

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Fund Transfer through NUUP:

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Fund Transfer through NUUP:

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Fund Transfer through NUUP:

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Fund Transfer through NUUP:

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Fund Transfer through NUUP:

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IMPS through Mobile App:

For More facilities one can download “ Mobile Banking Application” for Smart Phone with Internet Connection.

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Internet Banking:

More Secure and Convenience of doing transactions at home.

Pay Utility Bills.Make Online purchases.Fund Transfer to any account.Open Online Fixed Deposit.Pay Taxes Online.And lots More….!

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AePS:

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UPI:

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E-Wallets:

Many e-Wallets are available in the market. Download a wallet like Mobikwik, Paytm,

PayUmoney, Citrus, PNB Kitty, etc. Register with your mobile number. Link this with your debit or credit card or through

Net Banking.

e-WalletsIt’s as easy as sending photos through your phone! Through the E-Wallet money transactions are possible with Mobile or Computer.

Your phone is now your wallet!

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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Some Precautions…!

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Some Precautions…!

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Some Precautions…!

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Some Precautions…!

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Objective of Workshop:

Do we require cash? What are other Payment Modes available? Why Digital Payment Mode? What is in it for us? What are options available& how to use it? Precautions to be taken. Conclusion.

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Conclusion:

Electronic Banking and Digital Payments are :

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Any Questions?

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End of presentation…!