DIGITAL INDIA : HOW USEFUL IT IS
Recently Govt. of India launched many campaign to promote Digital Banking which will gradually decrease the cash transaction. But whether it is the right time to promote the campaign, does it actually reduced the cash requirement among the public. Where most of the people are living below the poverty line, where internet connectivity is not everywhere, data security is not upto the mark and above all the awareness among public is less, then how the government is expecting that the campaign will reach its benchmark. The people who went to the malls, hotels are such few people who are habituated with plastic money but rest of the people !!!
To make the Digital Banking successful, first requirement is awareness among the public. Secondly the data security, which is much more required to get the Digital Banking successful. Other important useful aspect in this regard is full proof application and its 24 x 7 support. People will turn them to Digital Banking if they found dedicated support by all the channels.
As government is trying to deliver Banking Service to all across the country so by today or tomorrow it will reach to the maximum people. Now every facility is more or less linked to the Bank. So there is no question that people will not adopt Digital Banking.
It is true that present government is trying to equipped people by many ways but there are shortfall in many aspects. During demonetization period it is found that huge amount was deposited in the Banks mainly from rural sectors. It proves that people are dependent on hard cash. Do they change their habits overnight! It is such a process which gradually attracts people. When malls came people used liquid cash but gradually the people accepted plastic money as they are getting benefited. Now it is helpful to the buyer and seller. The buyer need not carry cash and the seller is free from forged note, time loss in Banks, free from robbery. When any facility is helpful to both the parties it will gradually accepted. On the other hand the Government is also helpful by knowing the status of actual money rolling in the market which gradually increase the tax payers and that is ultimately benefited to the country.
Please use the Digital Banking, spread the concept among your friends, relatives, neighbors and ensure your country's prosperity in long run.