Reserve Bank of India plans Digital Payment without Internet

New Delhi: The policies of the central government followed the digital payments, since which people have also adopted this policy. People also give priority to digital payments. But it is often seen that digital payment or transaction is difficult due to lack of internet connection. However, now the Reserve Bank has introduced a facility through which you will be able to do digital transactions even without an internet connection.

Rs 2oo payment at a time:

The Reserve Bank of India has allowed the payment of small amount through 'offline' i.e. card and mobile without internet. Under this, payments up to Rs 200 will be allowed at one time. The objective of this initiative is to encourage customers to do digital transactions even in places where there is less connectivity to the Internet. That is, no internet connection will be required for the transaction.

ALSO READ: Corona tally at 20-lakh mark with highest single-day spike of 62,538 cases

According to the central bank notification, payments under the pilot scheme can be made through card, wallet or mobile devices or any other means. No other type of verification will be required for this. Although the maximum limit for a single payment is currently Rs 200, but this amount can be increased in future.

RBI said that lack of internet or its low speed in remote areas is a major obstacle in the path of digital payment. In view of this, the option of offline payment through cards, wallets and mobile devices is being made available which is expected to give a further boost to digital payments.

ALSO READ: Rahul Gandhi attacks centre over increasing number of Corona Cases

In this, this system of redressal of grievances will be rule based and transparent. There will be no human intervention, or even if it is, very little. The objective of this initiative is to dispose of disputes and complaints in a timely and effective manner.

Stay tuned with the newstrack to get fastest updates. Click @englishnewstrack to follow us on Facebook and @newstrackmedia to follow on Twitter.