What's wrong with Cashless Transaction??.

What's wrong with Cashless Transaction??...Everything is wrong with cashless transaction.......READ TO KNOW..............

Think that a 100 rupee note is circulated 1,00,000 times it will have the same value, nobody gets any commission.

But if it is circulated through cashless transactions, each transaction fetches 2.5% commission, that means 1,00,000 times 2.5% = 2500% i.e. Rs. 2,50,000 (Rs. Two Lakhs fifty thousand Rupees) to service providers like Paytm or Jio Money etc......Remember..... Just for hundred rupees.

So..... it is a perpetual golden egg laying goose gifted to the corporate gangs by Govt.....&......That's why this is the "Mother of all scams"...... Very important statistics please read understand........And absolutely NO POLITICS IN THIS PLEASE.

Do you know.........

1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.

2) Credit Cards charge between 1.5%-2.5% to the retailer of the money receiver for every transaction.

3) Pay TM/Free charge/ Jio Money and other E-wallets charger 2.5% -3.5% when you want to transfer your e-wallet money into your bank a/c.

RBI data shows that every month around 2.25 lakh crore (Anually Rs 25 -30 lakh crores) is withdrawn from ATM's across India. And it is estimated that along with bank withdrawals, a total of Rs 75 lakh crore is withdrawn ( both banks and ATMs) on a yearly basis. All this is accounted/tax-payed money which is withdrawn from banks. Currently, just 3% of transactions are in electronic mode.

If this 75 lakh crore is converted into a "cashless economy", look at how much the companies will earn.. (75 lakh crores times 2% average) Rs 1.5 lakh crore per year!.........NO KIDDING!!!

This is the biggest ever open scam. Direct benefit for Corporates like Reliance, Pay TM, e-Banks etc. of Rs 1.5 lakh crores per year.

This will makes one wonder........ was Demonetization done to end black money or was it actually done to benefit Corporate_????.....You all know pretty well what RBI & Govt jointly MEANT & WANT???............WITH A REQUEST TO SHARE THIS IMPORTANT EYE OPENING TO ALL YOUR CONTACTS & CREATE AWARENESS..........IF YOU ARE NOT SHARING.....YOU ARE NOT CARING FOR COMMON PEOPLE OF INDIA.....

J.KANNAN, M.Com, FIATA

"WE DON'T THINK TO BREATHE

WE BREATHE TO THINK"