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Chandigarh to provide cashless facilities in Sector 17, Grain Market; authorities set Dec 10 deadline

At present, around 80 per cent of outlets in Sector 17 accept payment through debit and credit cards.

Written by Vinod Kumar | Chandigarh |
December 3, 2016 1:26:00 am
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THE UT Administration has decided to provide cashless facilities in Sector 17 and Grain Market in Sector 26 on a pilot basis. The authorities have set a deadline of December 10 for this purpose. The other markets in the city will get cashless facilities in a phased manner. Sector 17 and Grain Market are the most frequented markets of the city. There are around 500 outlets each in both the markets.

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UT Deputy Commissioner Ajit Balaji Joshi on Friday held a meeting with the Chandigarh Beopar Mandal (CBM), Traders Association of Sector 17 Market and representatives of different banks to work out the modalities for Sector 17.

At present, around 80 per cent of outlets in Sector 17 accept payment through debit and credit cards. The deputy commissioner said that all the shops should have point of sale (PoS) machines, besides providing other cashless modes to the customers such as mobile wallets, app-based PoS and unified payment interface (UPI).

Joshi asked the traders to encourage their customers to opt for cashless mode. However, he clarified that the customers should not be forced to make payments through cashless mode.

The banks charge a monthly rental of Rs 700 for PoS machine from traders. One PoS machine costs around Rs 13,000 to the bank. During the meeting, the traders complained about banks levying hidden charges. The banks also charge up to 2 per cent of each transaction from the merchant. Joshi asked the banks to ensure that no hidden charges are taken from the traders.

When contacted, Joshi said that they were working out the modalities and necessary instructions had been passed to all the stakeholders.

Talking to Chandigarh Newsline, CBM president Anil Vohra said that the traders would support the administration in providing cashless facilities at the markets. He, however, urged that the administration should give the traders some time in adjusting to the change. “The change should not be forced upon us,” said Vohra.

The administration will hold a meeting with vegetable and fruit wholesalers, retailers, commission agents and traders of Sector 26 on Saturday.

Ramvir Bhatti, chairman of Chandigarh Market Committee, said: “The plan is that everyone, except small vendors, should have PoS machines.”

The administration is also working on offering cashless facilities at all the government offices — RLA, estate office, excise & taxation and e-sampark centres — by December 10. All the offices will also continue to accept cash.

Bank dismisses four employees

A PRIVATE bank dismissed one manager and three deputy managers here on Friday for allegedly favouring a relative by releasing cash more than the prescribed limit.

The four employees of HDFC Bank, Sector 15 branch in Chandigarh, are alleged to have extended favours to a relative of one of the employees by releasing more than Rs 2.5 lakh (the maximum limit) for the purpose of marriage.

The bank in an official statement said, “This was an isolated incident of unauthorised currency exchange involving our employees and it came to our notice when HDFC Bank systems detected an inconsistency. The bank has a zero tolerance policy for any deviation from the established processes and accordingly the employees involved in the incident have been removed from the bank services with immediate effect.”

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