In today's time we are so dependent on net banking that we forget to carry cash because we can easily pay everywhere using apps or any other means. But you can imagine how difficult it would have been for us if all this was not there. In the earlier times, people used to roam around with money in their pockets because at that time there was no net banking, and it was easily accessible, so we could go anywhere without thinking about how to spend the money. All this used to be very difficult for those people at that time because they did not have all these facilities at that time.
In these days, net banking is like a savior because when we have to pay bills for electricity, water, gas, or phone, we do not have to go to any office or bank. Earlier, we had to go to the office and stand in long queues. After that, we were able to pay. But today, in just one click, we can pay all the bills together, and in return, we get rewards in it. So, it has become so easy, and payment has become so automatic that we do not get time now. It also saves a lot of time. In earlier times, it was very time-consuming. It means that there used to be no person there earlier. There used to be a lot of brainstorming to collect the bill. In today's time, all this has become very helpful.
The best thing about net banking is that if you are in another country and you have to send money to your family from there, earlier it was a big challenge because it used to take a month for the money to be deposited in the account, but today if they deduct some transaction fees, then automatically the money gets transferred to your account within 1-2 minutes. Then you can imagine how easy it is and how fast it has become. Earlier people had to wait for a month for the money to come into their account. At that time, if someone had an emergency problem, then how easily could he withdraw the money at this time? Any person sitting outside can do so.
Shopping will happen now because in earlier times we had to go somewhere for shopping. In today's time, through e-commerce, we can shop without going to any physical store and make the payment online. It has become so seamless and easy that we don't have to work hard today. In earlier times, shopping was a big thing for us. People had to first go to the bank to withdraw money. Then they had to go for shopping. Then they would come back after shopping and buy clothes, electronics, or bills and book a flight. Everything has become very easy with internet banking.
And one important thing that we learn through net banking is how to manage our expenses, and we can access all the records of our accounts. Earlier, we had to update the passbook completely, for which we had to stand in queues. Today, this net banking shows us everything online, like how much of our money was spent, where, in which place, and what our money was spent on, or if we paid interest. All these features help us a lot, and our paperwork is now made digital within minutes.
And if we talk about India, UPI has become a very big thing because every year, within 1 year, UPI does transactions worth at least 100 billion dollars, and you can imagine how big an amount it is, and UPI is such a thing in which we can make payments only from our phones. Just by scanning a scanner, and it is so seamless and easy because we don't have to give money to the other person. We don't have to keep money with us, and it is so detailed and secure that to date it has never been hacked, nor have we faced major fraud, so all this is very good and very easy; just a few steps have to be taken, and a UPI account will be opened. But this is limited to India only. I believe that it should be brought outside also because if we do it from outside, then if we subject it to UPI, it is very technologically advanced and also very secure, so all countries should bring this UPI system into their country.
One important thing that used to cause maximum crime alert was frequent theft because we used to carry a lot of cash, thinking about how to use it in an emergency, and hence thefts used to be more. Today everyone knows that no one keeps cash, so thefts have reduced a lot. Even at home we do not keep much cash because earlier, if we went to withdraw money once, then we used to withdraw more than what was required because there was a long queue. At that time people used to think, "Why would we withdraw money later?" Today we do not withdraw much cash, and even if we did, it would be very limited how to withdraw cash because we know that in case of an emergency, we use net banking or an app or a debit card or a credit card.
Lastly, I would like to say that net banking is a service that has understood our daily necessity very well and has given us a very easy solution, due to which we have easily gotten rid of our stress and paperwork, and everything is digital. Today, we can open our account digitally in 10 minutes. You will get your debit card sitting at home. You will get a credit card, so net banking is so easy and so good. Everyone knows about it, and it is so useful. We get so many advantages. We can buy any bills online sitting anywhere. We can pay any bill sitting at any place, so this is a seamless transaction, which is very beneficial for us.