Its good to see that Indian govt is working on very basic necessity. If we really want an economic power we must include every single person of this country so that she/he can contribute according to his capacity. By opening account, apart from providing social security like insurance and pension transfer we can also mitigate corruption which is a major issue in this area. The prime example is MGNREGA. We must congratulate the RBI for RuPay. Its not only reduces corruption by providing correct money transfer but also save paper currency to wear and tear. Also Rupay saves about Rs 600-900 crore rupee which banks pay to other multinational money transfer companies like VISA, MAESTRO etc. for their commission in money transition…….
Posted on: Mon, 01 Sep 2014 07:45:25 +0000