Monday, February 29, 2016

Andhra Pradesh Bank Holidays 2016 under Negotiable Instruments Act, 1881


          Andhra Pradesh Government on December 9th, 2015 notified the list of Bank Holidays under Negotiable Instruments Act, 1881.

Please note that the holidays are applicable only for physical branches.  Customers can access their bank accounts through alternate channels i.e Net Banking, Mobile Banking, SMS Banking, Phone Banking etc.

On majority of the Bank holidays, RTGS/NEFT Digital transaction channel is open. IMPS is open 24*7.

Holidays on working days – 14
Holidays on Sundays – 4

There are chances that the holiday dates for Id-Ul-Fitr, Moharram and Eid Miladun Nabi may change. Any such changes will be communicated through electronic/print media.

The following holiday is followed/preceded by Saturday/Sunday holidays too:- 

01)  Ugadi @ 08/04/2106 on Friday
02) Independence @ 15/08/2016 on Monday
03) Eid Miladun Nabi @ 12/12/2016 on Monday
         



Saturday, February 27, 2016

ICC World Twenty20 2016 in India will boost Safe Digital Transactions

       
          Sporting events are a great tool to introduce Safe Digital Transactions processes to a targeted audience.
          The ‘ICC World Twenty20 2016’, being held in India is expected introduce Safe Digital Transactions to a large number of Indians.
          The cricket carnival is spread across 25 days, with matches being played across India:

ICC World Twenty20 2016
Match Location
Minimum
(INR)
Maximum
(INR)
Nagpur
100
12,500
Dharamsala
100
15,000
Bengaluru
250
8,000
Mumbai
500
35,000
New Delhi
100
10,000
Kolkata
100
1,500
Chennai
50
1,000
Mohali
100
18,750

          The first match is 10 days away.   

          The tournament will kick off on Tue, 8th  March 2016, with  Zimbabwe v Hong Kong (PM), Nagpur; Scotland v Afghanistan (Eve.), at Nagpur.

          The tournament will conclude on Sun, 3rd  April 2016  with  Women’s final (PM),; men’s final (Eve.), at Kolkata

          The tickets for the general public are available through Online Mode and Offline Mode.

The window for Online Mode is open.

The window for Offline Mode is yet to be announced.

The ICC ticketing partner for the ICC WORLD TWENTY20 2016  is ‘bookmyshow’.

ICC has published exhaustive FAQs on its website explaining the step by step process to acquire tickets. Please click here for the FAQ.

A lottery system has been introduced for all India matches, both semi-finals and the final.

Cricket Fans have to register for the lottery at the ‘bookmyshow’, website.

          Registration is a simple process. A valid email id and mobile number are prerequisites for registration. Validation of the mobile number is through OTP.

          The lucky applicants will receive the conformation in their mail, which also contains a payment link.

          Payments are accepted through debit / credit card, net banking, cash card or
Bookmyshow wallet. Ah, the cashback promo offer is not valid for the ICC WORLD TWENTY20 2016  tickets

ICC has clarified that under the lottery system, all applications made within the lottery window have an equal chance of being successful. There is no advantage to applying early in the lottery window.


Cricket being the most followed game in India, majority of fans would be interested to see a Live Match. Hence, the online sale of ICC WORLD TWENTY20 2016 tickets will introduce eCommerce to a large number of first-timers. 


Sunday, February 21, 2016

Kodava Hockey Festival 2016


Beginning this week, I will be highlighting events, where Digital Transactions can play a major role.

          The same will be tagged with #digitalpayments      

Sponsorships are a great opportunity to attract eyeballs.  Another tool is weave the Digital Payments option into the whole event experience. This increases stickiness but the Digital Payments should a fail-proof plan. Any negative experiences will have disastrous impact on the Digital Payment brand.

Today’s post focuses on the Annual Kodava Hockey Festival

The KODAVA HOCKEY FESTIVAL  is a platform for Kodava’s to come together and celebrate the spirit of togetherness. The original idea of KODAVA HOCKEY FESTIVAL  is attributed to Sri  Pandanda Kuttappa a first division hockey referee and an ex-employee of State Bank of India.

In 1997, the germ of KODAVA HOCKEY FESTIVAL, was sown with the first edition of KODAVA HOCKEY FESTIVAL. Sri  Pandanda Kuttappa crystallised the KODAVA HOCKEY FESTIVAL  as hockey runs in the blood of Kodavas.

Like every game, some rules were framed to make it a unique event. All the team members must belong to the same family (surname) and participate in full hockey attire.

Women are encouraged to be part of the team and it was left to the woman to decide whether she wants to represent the father's family or that of the husband's. This rule was a boon as women could change their teams every year.

Since 1997, 19 editions have been held. The 2016 edition is the 20th edition and is been hosted by Shantheyanda Family.

The ball has been set rolling for the 2016 edition more excitement is expected once the tournament dates are announced.

The Event: Kodava Hockey Festival
Frequency: Annual
Venue: District of Kodagu-Karnataka

07 ways in which Digital Companies can be associated with Kodava Hockey Festival 2016

01) Exclusive tour packages from Indian major cities to Madikeri during the tournament period. Homestays are very popular in Coorg.  Online tour companies can tie up with homestay owners for the exclusive touch with focus on regional cuisines.

02)         Launch of Limited edition collectibles revolving around Coorg and Kodava Hockey Festival  

03)         Limited edition adventure activities centred around Madikeri

04)         Limited edition Coorg Cuisine at home delivery food sites

05)         Limited edition Clothes especially TShirts at fashion sites

06)         Limited edition fashion accessories at fashion accessory sites

07)         Photo contests by fashion sites

Digital Companies encompass all eCommerce companies operating  on Online Mode or a mix of  Online/Offline mode.


Thursday, February 18, 2016

740 Plus Universities in India open for CashLess economy

The breakup of various categories of Universities in India is as under:-

UNIVERSITY GRANTS COMMISSION
Total No. of Universities in the Country as on 14.12.2015
Universities
Total No.
State Universities
342
Deemed to be Universities
125
Central Universities
46
Private Universities
227
Total
740

          A typical Indian University is spread over 125 acres as a semi-closed township.
          The following table indicates the acreage of few Indian Universities.

Rank  
University  
Founded  
State  
Campus Area (In Acres)  
1
G. B. Pant University of Agriculture and Technology
1960
Uttarakhand
12,661
2
University of Hyderabad
1974
Telangana
2,300
3
Osmania University
1918
Telangana
1,600
4
Punjab Agricultural University
1962
Punjab
1,510
5
Banaras Hindu University
1916
Uttar Pradesh
1,350
6
Aligarh Muslim University
1920
Uttar Pradesh
1,155
7
Bangalore University
1886
Karnataka
1,100
8
Sri Venkateswara University
1954
Andhra Pradesh
1,000
9
Jawaharlal Nehru University
1969
Delhi
1,000
10
Annamalai University
1929
Tamil Nadu
1,000
11
Sam Higginbottom Institute of Agriculture, Technology and Sciences / Allahabad Agriculture Institute
1910
Uttar Pradesh
900
12
Mizoram University
2001
Mizoram
978
13
Tamil University
1981
Tamil Nadu
900
14
Guru Ghasidas University
1983
Chattisgarh
875
15
Banasthali Vidyapith
1935
Rajashthan
850

          The primary residents of a university campus are students/teaching staff/support staff.

          The populace of the university varies from 5,000 to 25,000 depending on the courses it offers.

          To sustain the university residents, a large number of commercial, semi-commercial establishments exist within the campus.

          Normally the University’s stores serve the residents. The canteens serve the students.

          Universities can be transformed into CashLess economies rather than Cash economy.

          As the literate levels are high within University campuses, they offer right mix of customer base for any organisation interested to disseminate CashLess techniques.

          The concept of a Smart Card to transact electronically within the campus goes back to the year 2007.

          UGC disburses all its payments including scholarships through the electronic mode only. Click here for the UGC circular.  

          Any University student desiring to receive selected UGC scholarships is expected to open a bank account with designated Canara Bank.  

          There have been many attempts to introduce LessCash techniques in the Indian education system.

          However, so far a single electronic payment system linking the complete gamut of education system is yet to be introduced.

          Typical features of a Education Smart Card

01)  Aadhaar authenticated

02)  Scholarships credit

03)  Loyalty points

04)  Sub-Wallets i.e Food, Library, Hostel etc

05)  Loan disbursement

06) Loan repayment

07) Micro Insurance

08) Mini Overdraft facility

09) Credit Tool Monitoring

The market is ready, are the service providers ready?

Additional Reading Material:

Kenya: HELB Inches Closer to Phasing Out Cash Loans

KCB signs up three varsities for issue of smart loan cards


National Open University of Nigeria (NOUN) e-Wallet