Have you thought that you just one from mobile QR Scan the code and you get cash. You do not need to find a bank branch or ATM to withdraw money. Just scanned the QR code from mobile and the money came in hand. If these services start meeting not only in cities, but also in villages, how will it be? The government is going to take important steps in this direction. UPI has emerged as the biggest strength of the Indian economy in digital payments. Now this UPI can also make cash withdrawal very easy, especially where ATM and Banking Service Less Are,
What Is New Proposal
What is the situation now?
Currently, only some UPI-anable ATMs and some shopkeepers can withdraw money from UPI. Their limit is Rs 1,000 in cities and Rs 2,000 in rural areas. But if the new system is implemented then more than 20 lakhs present in the entire country BC Cash can be easily withdrawn from points.
How the system will work
Customer just BC The QR code will have to be scanned by going to the outlet and it will be able to withdraw up to Rs 10,000 per transaction. A 30 -minute interval is necessary between every withdrawal will beIt will not require ATM card or Aadhaar based fingerprint, which causes repeated arrival in rural areas. Wali Biometric problems will end.
Security challenge
However, there are also risks with convenience. Cyber security expert has warned that digital fraud cases may increase if strong security arrangements are not made. Even before the money stolen BC There have been cases of rotation through the network. Therefore, a strong check and security feature of identity will be necessary.
Why is this change important
If this scheme was successfully implemented then banking in small cities and villages Facility Revolutionary Form From Change Will go, Gin People To ATM Card Or Biometric There is a problem in the system, they will now be able to withdraw money from only one QR scan. This is not only all at the financial level To There may be a strong step towards connecting.