“Demonetization”, the word that has shaken the nation. Overnight the country went from being a cash-rich economy to severely cash limited state. 500 to 1000 currency was devalued by the government and sent the Indian population helter-skelter to exchange their in-hand cash for lower denomination currency or the new 2000 rupee notes. While the move is hailed by many as an effective way to battle the black money system, there is no doubt that the movie has left most of the middle and lower economic segments of India in a lurch.
Of your are one of those troubled by economic woes it is the right time to digitize yourself. Get yourself an e-wallet might be the best solution at this stage. While e-wallets were functioning fairly well in India before the cash crunch, now a new sense of urgency has set in. After comparing a few e-wallets in the market I’ve concluded that the JioMoney wallet is one of the better options out there. Here are a few reasons why:
● Any customer with a valid mobile number, registered with any telecom service provider can sign-up with JioMoney. You can download ‘JioMoney Wallet’ from Google Play Store or Apple App Store and install the app. Start the app, check the registration page and follow some simple steps to create your account.
● Even if you lose your phone, your money is 100% safe. Nobody can access your JioMoney account, since only you can do so through your password and 4-digit mPIN. JioMoney locks your account for your own safety after 3 consecutive incorrect mPIN attempts. If you suspect unauthorized activity in your account, you can also suspend your JioMoney account and block payments by calling our customer service at 1800-891-9999 (toll-free) or write to email@example.com.
Additionally, JioMoney offers two types of accounts:
1.Basic Account: Transaction limit is capped at INR 10,000 per calendar month. No documents are required for ‘Basic Account’.
2.Advanced Account: Premium customers can keep up to INR 100,000 stored in their JioMoney account for any calendar month, however you can do unlimited transactions above INR 100,000 for that calendar month.
All these features make the JioMoney a safe an ideal bet for digital transactions considering there are no charges for using JioMoney and no expiry period.
Jio 10% CashBack offer, what’s the deal?!
JioMoney now offers 10% flat cashback on all purchases and transactions made through the wallet. Customers who essentially use cash for shopping can also avail the cash back by utilizing the cash loading points inside each store to pay via JioMoney & earn a cashback of 10% on the total invoice. This means so coupon code hassles that other e-wallets promise you and are usually expired. Just a 10% cashback on any transaction and this is the feature i live the most about JioMoney. The cashback will be credited in 2 working days and people struggling to find change for Rs.2000 will find relief with this offer as the stores are providing customers with cash loading points allowing them to shop & pay for items of any value.
You can utilise these loading points as and when you wish at any Reliance Fresh & Reliance Smart stores across India.
Need Cash? Head to Your nearest Reliance Store
Another great feature that JioMoney lets you have is that you can swipe your wallet and get change in return! Yeah, no more waiting in queues in front of ATMs, you can head to your nearest Reliance store and always have some cash in hand. In fact I’ve noticed how JioMoney was the first to come up with the scheme followed by other commercial chains.
Besides these amazing offers, JioMoney has a host of great features like keeping a record of all your frequent transactions, bookmarking your repeat merchants and receiving personalised offers. India, it is time to go digital, it is time to get your JioMoney.