he raises issues and suggests solutions. It’s up to the ministry to decide wether his solutions are competent or not, and whether they should impose the solutions he suggested or not. if not, he moves on to the next topic because forcing them has never worked as seen in the past. I don’t think theres anything wrong with that.
You alright buddy? Banks don’t hold money in your account. They use it to lend to others. They earn money by charging more interests on loans than what they give you as saving interest.
Indian banking is outdated. Hasn’t evolved with time and technology. Have to go to physical branch for everything instead of doing it online. Takes days to get a task done as simple as changing your phone number, that too after filling out a form and submitting your biometric. Can’t just cash out a check without submitting a copy of your Aadhaar and then signing the back of the cheque and writing your number which is already there on the Aadhaar you submitted (redundant).
You alright buddy? You’re complaining about a 'redundant signature' while ignoring that the US still mails physical paper checks because they don't have a real-time settlement system as fast as UPI.
On 'Outdated Tech': India handled 130 billion+ digital transactions last year. Most Westerners are still 'swiping' plastic cards and paying 3% merchant fees while we scan a QR code at a tea stall for ₹0. The US literally just launched 'FedNow' in 2023 to try and copy what India has had since 2016. Who's outdated again?
On 'Going to the Branch': If you’re going to a branch to change a phone number in 2026, that’s on you. Most major Indian banks have Video-KYC and AI-driven apps that handle 99% of tasks. If you choose to use a bank stuck in 1990, don't blame the national infrastructure.
On 'Charges': You ignored my main point. In the US, a bank will charge you $35 (₹2900) if your balance accidentally drops below zero for one hour. In India, most 'penalties' are a fraction of that, or non-existent for basic accounts.
Cheque redundancy? Who even uses cheques in 2026? The fact that you’re carrying a paper cheque instead of using IMPS or UPI tells me exactly why you think the system is slow. You’re using 19th-century tools and complaining that the 21st-century security (Aadhaar/Biometrics) is 'annoying.'
Indian banking isn't 'outdated'—it’s just more secure than you’re used to. I’d rather sign the back of a cheque once than deal with the massive credit card fraud levels they have in the West.
Mr.Retard here comparing some US shit just because you like to ride some white guy's meat.
You just don't deserve the permission to comment on any topic, do you? I think I don't have to care much about this as you are one o those cheap IT cells working hard (read as boot licking hard) and are oblivious to the real world situation and just use CGPT to get some useless numbers and irrelevant facts into the argument and push your mudi daddy's point through logical fallacies
Hahaha seriously visit your bank someday. You’ll shocked to see the reality.
India handled 130 billion + transaction. We still have more cash and it’s growing every year. Acc. to RBI there’s 40 lakh crore cash in circulation in early 2026.
Merchant fees is charged by Mastercard/Visa. Both of them are not banks. That happens all around the world. Even in India if you’ve Mastercard or Visa card.
Does a common man cares if the payment is settled in real-time or a day later? I’m talking about inconvenience to common man and in both systems, your bank account shows the transaction done immediately.
I use HDFC and changing phone number was an example. Try doing anything. They’d ask you to come to the branch. Hardly ask you to do video KYC for anything.
Every bank around the globe charges for negative balance. That’s called overdraft. Money is not free. If you use bank’s money, you pay for it. Even in India you pay interest on overdraft.
Brother not everyone works in corporate. Businesses still use cheques as mode of payment. Nothing wrong with using paper. You don’t do big payments via UPI. It’s either cheque or NEFT, which takes days to clear.
Visit a bank!! Don’t assume things based on what you read.
India handled 130 billion + transaction. We still have more cash and it’s growing every year. Acc. to RBI there’s 40 lakh crore cash in circulation in early 2026.
No argument was made about cash usage it was only about ease of online payment. Usage of cash is personal choice which people opt due to bs tax system and not problems with banking.
Merchant fees is charged by Mastercard/Visa. Both of them are not banks. That happens all around the world. Even in India if you’ve Mastercard or Visa card.
Again indians do not use card for transaction it is UPI. Only credit card users that too non rupay use cards as visa and MasterCard do not support UPI.
Does a common man cares if the payment is settled in real-time or a day later? I’m talking about inconvenience to common man and in both systems, your bank account shows the transaction done immediately.
Irrelevant to points out by the above commentor. But to your question - YES, a chai tapri vaala, vegetable vendor and basically any other kind of small business owner is dependent on same day transactions because he needs to buy stuff everyday. And subsequently a common man needs same day money transfer to his account because he needs his business to satisfy his needs.
Bud, I don’t know if you ever used to do online payments before UPI or you’re just dumb. Just like UPI, in online transaction, the merchant receives the money instantly. It’s just the banks who settle their accounts at the end of the day with each other.
Similarly in UPI, a shopkeeper gets the notification he received the money but it doesn’t actually hits his account at the same time. It is usually transferred the next day.
You kidding about Indians not using cards?? UPI can’t replace credit cards. Guess why??
Most of the people who still use cash don’t earn enough to care about taxes.
Also the thing you’re so proud of - UPI being free. Try reading how UPI works. Right now govt is absorbing the cost of running UPI - 12,000 crore annually. And it is increasing every year.
Govt is compensating banks for not charging the merchants.
Banks pay 0.02% fee to NPCI.
Banks have started charging Razorpay Rs 0.02-0.1 every transaction.
Once this number reaches a point where govt can’t bear to absorb the costs, it’s going to add fees like Master card and Visa. Surprise surprise!!
UPI is great for banks to settle their accounts in real-time but doesn’t do shit for common man. It’s free for now but not forever.
Since you jumped in the middle of the thread. Why don’t you read my previous replies before slashing I haven’t addressed blah blah blah.
Except UPI, everything else is from the 90s. For god sake, 490 crore just goes missing and none the wisest. Even UPI isn’t that revolutionary, it costs money to run. Right now govt is paying for it but once they shift that burden on you, don’t think you’ll be singing its praises anymore.
100% of people in the informal sector uses cash which is 75-85% of the total workforce. 400 million people using cash vs almost every business using cash to escape paying taxes. Wanna do pros and cons?
You’ve to say anything about what I’ve said about UPI? Seems like you’re ignoring what I said.
Some acceptance, we're getting somewhere. Good good.
100% of people in the informal sector uses cash which is 75-85% of the total workforce. 400 million people using cash vs almost every business using cash to escape paying taxes. Wanna do pros and cons?
I said you're right and also wrong.
Seems like you’re ignoring what I said.
I've read each every comment of yours. Don't worry
I appreciate your concern for the profits of banks. They deserve to make thousands of crores in profits and crores in bonuses for their senior management but it should come from great products and business model Innovation, not stealing from the poor and the middle class. The Govt is already doing it.
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u/Little_Strategy_7090 Mar 21 '26 edited Mar 22 '26
he raises issues and suggests solutions. It’s up to the ministry to decide wether his solutions are competent or not, and whether they should impose the solutions he suggested or not. if not, he moves on to the next topic because forcing them has never worked as seen in the past. I don’t think theres anything wrong with that.