Digital Awareness

About Digital Awareness

Contributing towards ‘The Digital India programme,’ which is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. SSAJSPL had organized an Awareness Mission on ‘Cashless transactions’ through DTAC .

Cashless India is a mission launched by the Government of India led by Honorable Prime Minister Narendra Modi to reduce the dependency of Indian economy on cash and to bring hoards of stashed money into the banking system. The country embarked upon this transition to a cashless economy as the government took the revolutionary step of demonetization of old currency notes of Rs 500 and Rs 1000 on November 08, 2016.

The Bharat Interface for Money (BHIM) mobile app, launched on December 30, 2016, in a bid to make digital financial services available to all, has emerged as one of the fastest growing apps. BHIM is a digital payments solution app, for easy and quick transactions, based on the Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI).

Those who have signed up for UPI based payments on their bank accounts, which are also linked to mobile phone numbers, are been able to use the app to carry out digital transactions. “Faceless, Paperless, Cashless” is one of professed role of Digital India.

Through is initiative company wishes to contribute towards the mobilization and education of the general public regarding cashless transactions to make the vision of Digital India a reality.

The rural and urban India requires awareness on digital economy, digital financial transactions details about the government policies which would provide them an opportunity to come to main stream economy and move towards the cashless economy. The Digital Transaction Awareness Programme (DTAP) is to reduce risks of un informed rural and urban merchants about digital financial aspects and bring them under mainstream economic system.

With an aim to promote Digital Payments and converting India to a less-cash society, a large number of policy and implementation initiatives are being taken by the Government for its procurement, service offering and disbursements.

Digital Payments Made Easy

Digital Payments Made Easy


Modes for Cashless/Digital Transactions

Banking Cards (Debit / Credit / Cash / Travel / Others)

Banking cards offer consumers more security, convenience, and control than any other payment method. The wide variety of cards available – including credit, debit and prepaid – offers enormous flexibility, as well. These cards provide 2 factor authentication for secure payments e.g secure PIN and OTP. RuPay, Visa, MasterCard are some of the example of card payment systems. Payment cards give people the power to purchase items in stores, on the Internet, through mail-order catalogues and over the telephone. They save both customers and merchants’ time and money, and thus enable them for ease of transaction.

How to get it:

  • Provide KYC (Know Your Customer) information to open a new account
  • Apply for Card with option of Debit / Credit Card
  • Get a PIN
  • Service Activation:

  • Visit an ATM to activate PIN
  • May take about 3-7 days

    What is required for Transaction:

  • PoS terminal or online payment gateway
  • Present Card physically or card details for online transaction
  • Provide PIN
  • Provide OTP (One Time Password) received on registered mobile to complete online transaction for merchant website.
  • Self-service and/or Assisted mode
  • Transaction Cost:

  • NIL to customer for merchant transactions.
  • Annual fee and limits on ATM transaction by banks discretion.
  • 0.50% to 2.25% paid by merchant
  • Cash-out charged to customer in case of credit cards @ 1% to 3.5% of transaction value.
  • Disclaimer: The transaction costs are based on available information and may vary based on banks.

    Services Offered:

  • These cards can be used at PoS (Point of Sale) machines, ATMs, microATMs, Shops, wallets, online transactions, and for e-commerce websites.
  • International cards can be used across globe for multiple currencies
  • Funds Transfer limit:

  • User can set up transaction limit based on card.
  • Based on credit ratings
  • Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

    Service Available from no. of operators:

  • 751 banks (Source: NPCI)
  • Interoperable
  • Unstructured Supplementary Service Data (USSD)

    The innovative payment service *99# works on Unstructured Supplementary Service Data (USSD) channel. This service allows mobile banking transactions using basic feature mobile phone, there is no need to have mobile internet data facility for using USSD based mobile banking. It is envisioned to provide financial deepening and inclusion of underbanked society in the mainstream banking services. *99# service has been launched to take the banking services to every common man across the country. Banking customers can avail this service by dialling *99#, a “Common number across all Telecom Service Providers (TSPs)” on their mobile phone and transact through an interactive menu displayed on the mobile screen. Key services offered under *99# service include, interbank account to account fund transfer, balance enquiry, mini statement besides host of other services. *99# service is currently offered by 51 leading banks & all GSM service providers and can be accessed in 12 different languages including Hindi & English as on 30.11.2016 (Source: NPCI). *99# service is a unique interoperable direct to consumer service that brings together the diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers).

    How to get it:

  • Provide KYC (Know Your Customer) information to open a new account
  • Mobile no. should be linked with bank a/c
  • Register for USSD/Mobile Banking
  • Get MMID (Mobile Money Identifier)
  • Get MPIN (Mobile PIN)
  • Service Activation:
  • None
  • 1-2 minutes
  • What is required for Transaction:

  • Remember MMID
  • Remember MPIN
  • Dial *99#
  • Registered mobile number with any phone (feature or smart)
  • Self Service mode
  • Transaction Cost:

  • NIL by system
  • Rs. 0.50 charged to customer
  • Disclaimer: The transaction costs are based on available information and may vary based on banks.

    Services Offered:

  • Balance enquiry
  • Mini Statement
  • Funds transfer
  • MMID
  • A/c no.
  • Aadhaar
  • Know MMID
  • Change M-PIN
  • Generate OTP
  • Funds Transfer limit:

  • Rs 5,000/day
  • Rs 50,000/annum
  • Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

    Service Available from no. of operators:

  • 51 banks List of Banks providing USSD Mobile Banking Service as on 30.11.2016
  • Interoperable
  •  

    Unified Payments Interface (UPI)

    Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform(s).

    How to get it:

  • Bank a/c
  • Mobile number should be linked with bank a/c
  • Smart Phone with internet facility
  • Debit Card for re-setting MPIN.
  • Service Activation:

  • Download the App for UPI
  • Do registration online on the App with a/c details
  • Create a virtual ID
  • Set MPIN
  • 5-7 minutes
  • What is required for Transaction:

  • Smartphone with internet facility
  • Registered device only
  • Use registered MPIN
  • Self Service Mode
  • Transaction Cost:

  • NIL to customer by most Banks
  • Customer pays for data charges
  • Disclaimer: The transaction costs are based on available information and may vary based on banks.

    Services Offered:

  • Balance Enquiry
  • Transaction History
  • Send / Pay Money
  • Virtual Address
  • A/c no. & IFSC code
  • Mobile no. and MMID
  • Aadhaar (to be made functional)
  • Collect Money
  • Virtual Address
  • Add bank account
  • Change / Set MPIN
  • Notifications
  • A/c Management
  • Funds Transfer limit:

  • 1 lakh / transaction
  • Disclaimer: The funds transfer limits are based on available information and may vary based on banks.

    Service Available from no. of operators:

  • 30 banks List of Banks providing UPI Services as on 30.11.2016
  • Interoperable