Wednesday, August 23, 2017

This one unique feature of UPI will boost Digital Transactions in India

          Banks can obtain two types of Membership in the National Payment’s Corporation of India  Unified Payment Interface UPI platform:-

Membership type 01) PSP and Issuer

Membership type 02) Issuer

PSP stands for Payment Service Provider and is mandatory if the Bank desires to offer UPI collect facility to merchants

 It is however, also possible for a Bank to join UPI only as an Issuer, to provide Virtual addresses to its customer base by default.

v  The ‘Issuer’, option enables NPCI to rapidly scale up the number of Banks on the UPI platform.

v  The ‘Issuer’, option enables Banks to offer the benefits of UPI to its customers with minimum effort.

v  The ‘Issuer’, option enables customers to experience Safe Digital Banking without exposing their bank/card details.

v  The ‘Issuer’, option encourages  merchants to adopt UPI as a Payment Option, as the numbers of customers willing to user UPI is growing day by day.

The following Banks are on UPI platform as Issuers: -

Bank of India, Saraswat Bank,City Union Bank, Corporation Bank          ,Punjab & Maharashtra  co-operative bank          , Jammu & Kashmir bank, Apna Sahakari Bank Ltd, Janata Sahakari Bank, Vasai Vikas sahakari bank ltd, Thane Bharat Sahakari Bank ,Mehasana Urban  co-operative Bank, Equitas small finance bank,GP Parsik  Bank,Kalyan Janata sahakari bank , Airtel Payments Bank, Citi Bank , Rajkot Nagarik sahakari bank

Monday, August 14, 2017

SBI Gram Seva to focus on 500 Villages for Digital Inclusion

          State Bank of India top management today announced the launch of a new CSR initiative. SBI Foundation – the CSR arm of State Bank of India is the implementation partner of this initiative.

          The ultimate goal of SBI Gram Seva is to transform the adopted villages into model villages through adoption of digital tools.  Through digital infrastructure it is hoped that the villagers in adopted villages will be able to make complete use of various Government schemes. SBI will not directly fund any schemes; rather it will be an enabler for various government schemes.

          In the coming days, complete details will be available on SBI foundation website. Do drop in at SBI Foundation for more details.

          “SBI has adopted villages in the past but there was no focus on holistic development or sustainability. The projects were left to the branch managers and after we exited, the villages slipped back. But Gram Seva changes this,” said SBI chairperson Arundhati Bhattacharya.

          "The reason why we undertook this initiative is threefold. One is to ensure it is holistic, sustainable and we want to ensure that we do it in collaboration," Chairman Arundhati Bhattacharya told reporters.

          “Our job is to offer banking services. Therefore, we shall only be looking to fill the gaps in the village infrastructure in cooperation with NGOs. We will be using Human Development Index as an indicator to measure development of villages of the next 3 years,” Bhattacharya said.

          The main areas of intervention under SBI GRAM SEVA are health, education, environment, women empowerment, livelihood, skill development, and developing the infrastructure. As far as possible the project will use government funds for the development activities. But if the need arises, the SBI would step in for funding support.

According to MK Rekhi, head, SBI Foundation, the main goal of the project was to link specific government schemes to individuals and to lay emphasis on digital concept and to involve the Panchayat village staff. "The programme operations cost is expected to be around Rs 2.40 crore per gram panchayat over a period of three years. The target is to cover at least 100 gram panchayats in three years," he said.

The bank has started a pilot in 10 gram panchayats across six villages—Maharashtra, Uttar Pradesh, Uttarakhand, Jharkhand Bihar and Assam. “We are looking to develop a replicable, scalable and sustainable model of development for villages,” said Bhattacharya.

"There are 1 lakh gram panchayats we cannot cover all of them but we can create a model which other institutions can follow. This will be an ideal platform for ladies club across the country to make a contribution," said Rajnish Kumar, managing director of SBI.

The project -- SBI Gram Seva -- marks a sharp departure from the bank's earlier approach. For one, the bank has decided to partner small local NGOs who are involved in ground-level work in each of the villages rather than going for pan-India entities. In the past, the focus was on individual villages while under the Gram Seva project, the bank will now adopt a cluster approach by partnering Gram Panchayat's that cover five to six villages.

Another big change is the focus on digitisation and bridging the gap between government services and the villages. Rather than spend money on infrastructure, the bank will provide digital infrastructure and hand holding support to enable the villages avail benefits of different government schemes and thereby covert each village into a smart village.

The aim of the project is to link the specific government schemes to the individual in the villages.

A sub-section on SBI Foundation will be beneficial to keep abreast of the progress of the adopted villagers. Such a sub-section will also encourage other organisations to learn from the lessons and fine-tune them.

Saturday, July 22, 2017

UPI @ DMART – Thanks but No ThankS

         Request Neeraj Vetkar, Vikram Dasu, Arindam Nag, and Samardeep Subandh to run small capsule programs for the Billing Staff on the Joy of Safe ePayments     

         DMart logs around 1,00,000  footfalls on weekdays across its 132 Stores spread across Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR and Chhattisgarh. On holidays the numbers go up by 75%.

         It has multiple stores in cities such as Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat etc. The stores open at 10 am and customer can continue shopping till 10 pm i.e the closing time.

         The chief attractors of DMart stores are :

01)                 Wide Range of goods

02)                Minimum 6 % discount on MRP except for Patanjali Products

03)                Patanjali Products are sold at MRP

04)                Special offers viz 1 plus 1 free

05)                Spacious parking space

06)                Reasonable distance maintained between stocking racks. People can move freely, without the fear of bumping into each other.

07)                Large number of checkout counters with 75% being open at peak hours. This encourages customers to shop in peace without fears of a large checkout queue.

DMart has the standard payment options, i.e

a)   Cash
b)   Credit Cards
c)   Debit Cards
d)   Samsung Pay

The billing software displays UPI as a payment option, however it has not taken off. Understand the billing staff has minimal knowledge about UPI as a payment option.  
         On 22/07/2016, I had done shopping at DMart-Kanakpura Road outlet @ Bangalore and wanted to pay through the UPI Option. The billing software was displaying F7-UPI Option, however the billing staff was hesitant to use the F7-UPI Option, as they did not the complete process.

         Avenue Supermarts listed on the stock exchanges with a blockbuster listing in March this year, making Radhakishan Damani — the founder of the company and a low-profile investor — a part of India’s richest 20 club.

DMart has slowly spreading its winds on the online ecommerce market too. It has recently launched DMart.

FAQs from DMart website:

Q1) ` What is DMart Ready? Are DMart Ready Pick Up Points different from DMart Stores?

Ans 1) DMart Ready is the name of DMart’s new online service. Through this service, we hope to bring DMart closer to you. How? We have opened several DMart Ready Pick Up Points for your convenience across Mumbai.

Unlike our regular DMart store, DMart Ready Pick Up Points are specific delivery locations which allows you to pick up your online order from a pick up point of your choice, at your chosen time, date and convenience – free of charge.

Now you can place an order online for all your favourite products for the same DMart store price, and we will keep them ready at our brand new DMart Ready Pick Up Point near you. Once your order is delivered to the DMart Ready Pick Up Point, you will receive a notification to collect the same.

Q2) What are the payment options available at DMart Ready (

Ans 2) You can pay using your Credit Card, Debit Card; Internet Banking & Cash-on-Delivery (COD).

You can pay for your order using the following modes of payment:

·      Credit Cards: All Visa, Master, Amex, RuPay cards issued in India are accepted.

·      Debit Cards: All Visa, Master, RuPay debit cards issued in India are accepted.

·      Net Banking: You can pay using your Bank account directly if you have an Internet Banking facility provided by your bank.

·      Cash on Delivery (CoD): DMart Ready also allows you to pay for your shopping using the “Cash on Delivery” (CoD) method. This means that you can comfortably pay for the items that you have ordered at the time of delivery.

Q3) Can I pay using eWallet / Sodexo / Meal coupons / Voucher?

Ans 3) We do not have eWallet / Sodexo / Meal coupons / Voucher payment option as of now.

         Unfortunately, UPI is still not a payment option.

Thursday, July 20, 2017

Bangalore 205th Lalbagh Flower Show – What will be the % of Digital Transactions vs Cash Transactions?

          The central theme of the Bi-Annual Bangalore Lalbagh Flower Show has been announced. Every Lalbagh Flower Show has a theme around which various installations are planned.

          Normally, the themes revolve around well-known buildings. Replicas of famous buildings are made of Natural Flowers which attract lacs of visitors to the Bi-Annual flower shows.

The Bi-annual Lalbagh Flower Show happens every Republic Day and Independence Day. The Flower Shows last for 10-12 days with 2 Sundays included.

The first Lalbagh Flower Show was held in 1912 and since then the same have been held every six months.

          The organiser’s brain-storm at length to surprise the visitors with eye catching flower installations. Meticulous planning ensures that the visitors savour the installations at leisure and do not over-crowd any section.

          Events are spread around the 240 acre Lalbagh Garden.           This year will be the first show after the Metro Green Line is open to public. This is expected to attract more visitors to the 205th Lalbagh Flower Show.

Poet-laureate Rashtrakavi Kuvempu  has been chosen as central theme of I-Day flower show at Lalbagh.

This Independence Day, the world of Rashtrakavi Kuvempu will come alive in Lalbagh. The annual flower show will be on the theme ‘Kuvempu Malenadu’ to commemorate the 50th year since the Rashtrakavi was awarded the Jnanpith award for ‘Sri Ramayana Darshanam’.

Rashtrakavi Kuvempu will be offered a tribute in flowers at the 205th Lalbagh Flower Show to be held from August 4 to 15. The poet-laureate will be the inspiration for the Independence Day flower show and also it’s central theme, according to officials.

This is the first time a personality has been selected, instead of well-known buildings, as the theme of Lalbagh flower show.

“We are thankful to officials of the Rashtrakavi Kuvempu Pratishthana and various writers of the State who put the proposal across to the Horticulture ministry to have a special on Kuvempu to commemorate the 50th year of conferring of Jnanpith Award on him — a first for Karnataka — for his epic narrative Sri Ramayana Darshanam,” said P.C. Ray, Commissioner, Department of Horticulture.

Following a joint decision by the Mysore Horticulture Society and the department in this regard, Lalbagh officials are now planning an interesting angle to have the best of Kuvempu represented in multiple ways at the show.

The flower show will mirror his personality as a Kannada novelist, poet, playwright, and critic. There will be large spaces for a photo feature and for displaying models of his literary works, the lyrics of Naada Geethe and Raitha Geethe, and his Vishwa Manava Sandesha.

“This time, a mini-Malnad will be created, complete with a replica of the Jog Falls, where the verses of Kuvempu will be aesthetically brought out. Kuvempu’s house at Kuppalli in Shivamogga district will be replicated with flowers and fruits; Kavishaila, the rock monument dedicated to the poet, will also be recreated florally,” said M. Jagadeesh, joint director, Horticulture, Parks and Gardens.

There will be talks and discussions on major works of Kuvempu, including Sri Ramayana Darshanam, Kanooru Subbamma Heggadithi and Malegalalli Madumagalu, apart from recital of his poems, he said.

Manuscripts of major works by Kuvempu, such as ‘Sri Ramayana Darshanam’, ‘Kanooru Subbamma Heggadithi’, ‘Malegalalli Madumagalu’, will be on display. “We will also create models of Kuvempu’s memorial in Kavishaila and of his famous portrait, in which he is sitting on a chair,” Dr Jagdish said.

He said models of Kuvempu’s house and Kavishaila have already been prepared in thermocol and lakhs of Dutch roses will be used for the flower replicas.

Outside the Glass House, cultural events related to the Rashtrakavi will be hosted. Readings of ‘Sri Ramayana Darshanam’ and poetry recitals will be organised in the Marigowda Memorial Hall.

The 205th Lal Bagh flower show is being organised by the department of horticulture, Mysore Horticultural Society, Kannada Development Authority, Kannada and Culture department and Rashtrakavi Kuvempu Pratishtana.

DH News Service, Bengaluru, Jul 14 2017, 2:28 IST

01)  Spectacular failure of ePayments at the Annual Flower Festival at Lalbagh, Bengaluru

02)  Digital Transactions @ Lalbagh Flower Show 2017 @ ONLY CASH PLEASE

03)  11 tips for hassle-free Lalbagh Flower show-Bengaluru experience

04)   Only Hard Cash-No Plastic money for 200th episode of Lalbagh Flower Show 2014

Sunday, July 16, 2017

When will UPI Go-Live on GST Payment Portal?

              The GST Go-Live in India on 1st July, 2017 has led to major structural changes in the functioning of business entities in India.

              One of the focus areas of GST is to reduce the friction associated with payment of Taxes to the Government.

              The less the friction, the quicker Government gets money into its kitty. As payment of taxis is mandatory for the eligible assesses, they will somehow pay at the last moment too. The advantage of payment of taxes prior to the due date is the availability of funds in the government accounts quickly and also minimise the strain on the system. It is observed that bunching payments on the last date, leads to strain on the system, which in turns increases the stress levels.

              Hence, there are multiple options for payment of Taxes due under Goods and Sales Tax Act 2017.

              The present payment options of GST are as under:

Online Mode

A)      Internet Banking -  No Limits
B)      Credit/Debit Card – No Limits

Offline Mode     

A)      NEFT/RTGS – No Limits
B)      Over the counter – Limit – Rs10,000/- per challan per Tax Period

There are 25 Banks authorised for payment of GST through Net Banking and Over the Counter Payments:
The list is as under: (This list can change in the future)

S. No. List of Authorized Banks for Net Banking and Over the Counter Payments
1.           ALLAHABAD BANK
2.           ANDHRA BANK
3.           BANK OF BARODA
4.           DENA BANK
5.           BANK OF INDIA
7.           CANARA BANK
9.           HDFC BANK
10.         IDBI BANK
11.         ICICI BANK LTD
12.         INDIAN BANK
16.         J & K Bank
20.         SYNDICATE BANK
22.         UCO BANK
24.         AXIS BANK
25.         VIJAYA BANK

              Payment of GST through Credit Card/Debit Cards is possible. The following are the list  of Authorized Payment gateways

S. No. List of Authorized Payment gateways for Credit Card/ Debit Card Payment
1.           AXIS BANK
2.           BANK OF BARODA
3.           HDFC BANK
4.           ICICI BANK LTD
5.           IDBI BANK
8.           STATE BANK OF INDIA

               GST registered persons not comfortable with Online Payment mode, can opt for the Offline NEFT/RTGS Payment mode.

              The main advantages of Offline RTGS/NEFT Payment Modes are as under:

01)   GST can be remitted from Non-Agency Banks.
02)   GST can be paid from any bank which offers RTGS/NEFT services.
03)   The pre-printed GST Challan containing the complete details has just be handed over to the branch staff where the registered person is having a bank account.
04)   The bank account details need not be exposed on the internet.
05)   The GST Challans can be handed over to the bank staff by any employee of the registered person. The registered person need not share his/her online banking credentials with anyone. 

Third parties can make payments on behalf of the taxpayer. The third party can make payments by mentioning the correct GSTIN against which the payment needs to be made. This is already part of the GST Challan.

              Please note the service fee for each payment mode is dependent on the Payment mode service provider. Yes, the service fee will also attract GST!!

              It is a very positive step, that there are multiple options to remit the GST. The taxpayer can choose the best option suitable to him/her.

              The most important advantage of Online Payments over Offline Payments is that the successful online payment amount is instantly credited to the taxpayer’s Electronic Cash Ledger.

              In case of Offline Payments, the tax payment has to be executed in the respective bank, and details populated in the GST network. Obviously this will take time.

              National Payments Corporation of India’s(NPCI),  Unified Payment Interface (UPI) is the latest digital payment channel in India. The volumes under UPI are on the increase indicating we Indians are comfortable with UPI. Hence, it is disappointing as the taxpayer does not have the UPI Payment option under online mode.

              It would be a great booster to UPI, if the ‘Pay through UPI’, is activated in the next couple of months. This will also lead to more awareness of Safe ePayments in India.


01)   Press Release August 25, 2016
01)NPCI’s Unified Payments Interface (UPI) set to go live
02)   Press Release July 3, 2017 -- NPCI’s UPI crosses 10 million transaction mark in June