Demonetization

Who will gain the most from Demonetization.

1) Debit Cards charge between 0.5% to 1% to the retailer Or money receiver for every transaction.
2) Credit Cards charge beteen 1.5%-2.5% to the retailer of the money receiver for every transaction
3) PayTM/Freecharge/ Jio Money and other E-wallets charger 2.5% -3.5% when you want to transfer your e-wallet money into your bank a/c

RBI data shows every month around 2.25 lakh crore (Anually Rs 25 -30 lakh crores) is withdrawn from ATM's across India. And it is estimated that along with bank withdrawals a total of Rs 75 lakh crore is withdrawn ( both banks and ATMs) on a yearly basis All this is accounted/tax payed money which is withdrawn from banks..Currently just 3% of transactions are in electronic mode..

If this 75 lakh crore is converted to a #cashlesseconomy look at how much the companies will earn..(75 lakh crores * 2% average)  Rs 1.5 lakh crore per year .. NO KIDDING!

This is the biggest issue and no statement from govt. on this. Direct Benefit for Corporates like Reliance, PayTM, Banks etc of Rs 1.5 lakh crore per year..

Which makes me wonder was Demonetization done to end black money or was it done to benefit Corporates?

Share to all till these transactions charges are not removed or not more than 0.1% as total charges per transaction.