Christmas and the New Year are just a few days away. Yet, when you turn out your wallet, you find very little cash in them! This is unlike any other party season. Even last year around this time, you had stocked up on cash to party beyond curfew hours. But this year, thanks to demonetization, your wallet is sorely dry of cash. Does it mean that you will curtail your party plans and settle for a somber transition to 2017? Not at all!
Go cashless this Christmas and New Year. There are a varied number of options on the table for you. You need to pick one according to your preference and requirement. Here’s the spread of cashless options laid out by our team of financial experts:
- Plastic Cards: This is the easiest and most convenient way of getting access to your money without wading through bunches of cash. With debit and credit cards, you can easily pay off bills at clubs, bars and discos. To make payment convenient for people, many vendors are now accepting plastic cards, something they probably didn’t do before the demonetization drive. Many feel that using credit cards will attract hefty additional charges and interests. It’s not true! If you pay you bill within the due date, you won’t have to pay anything extra.
- Digital Wallets: This is the second most convenient option to go cashless. You add money to digital wallets like PayTm and FreeCharge. You can use the added money to pay for a variety of items, even groceries and movie tickets. You can use digital wallets like Ola Money to pay for app cab rides. Many yellow-black taxis accept payment through this mode. It is very easy and convenient. You can send money to other digital wallets of friends and family members. Digital wallets have completely revolutionized the way you pay your bills today, the most common of them being your mobile bills.
- Net Banking: It is quite easy these days to get the net or online banking activated on your bank account. A simple form and you’re done! You will be given a user id and default password. Change it when you log in for the first time and you’re all set. Each time you want to make payments online or transfer money, you can use your net banking facility. Banks are extremely vigilant about securing your payment details, passwords, etc. You don’t have to worry about it at all. Through the NEFT or RTGS format, you can send money to other bank accounts. This can work as a payment mode to pay for various services. You just need the bank account details of the receiver.
It is true that demonetization is a bolt from the blue. However, it is also true that developed nations are already well ahead on the path of a cashless economy. That is the future. The sooner you embrace it, the better it is for you! You can opt for our Cashless Economy Awareness Course and feel confident.