Banks on a 3-day holiday: How to meet your daily needs being cashless?

Brace yourself for a long cashless-weekend again. Banks will remain closed for the next three days till Monday, which is set to worsen the current cash crunch.

Brace yourself for a long cashless-weekend again. Banks will remain closed for the next three days till Monday, which is set to worsen the current cash crunch. A majority of people have already become cashless and hopeless as even a month after demonetisation, they are still coping with the shortage of new currency notes. With no money in their wallet and there being no hope of getting it before Tuesday as most of the ATMs across the country are expected to remain idle during the weekend owing to the lack of cash, most people are still wondering how to come out of this mess.

True, a large number of people, especially in urban areas, hold credit and debit cards. But it is also a fact that plastic money can’t be a substitute to cash. Also, plastic money is not accepted by everyone. Then there is also the problem of daily shopping limits on debit cards. For instance, some debit cards don’t allow you to spend more than Rs 25,000 per day at point of sales. So, what to do? How to meet your needs in a situation like this?

First of all you need to relax. This is an extraordinary situation. So, what can you do? You can in fact do only as much as possible. So, why to bother and raise your BP? After cooling down a bit, just think: Is it really necessary to buy that iPhone or swanky watch today itself? Can’t you postpone your purchase for a few more days? If you can, just do it. Why to bother? Thus, the first and foremost thing to do in this cash crunch is to curtail your expenses and defer unnecessary purchases. Avoid buying things which are not necessary for your existence or living.

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Then focus on things which are essential for the survival of you and your family. You may, for instance, need groceries, vegetables, medicines or home services. You may also need transportation for commuting. So what to do?

Remember that all big retail, grocery or medicine shops accept plastic money. So, you shouldn’t have any difficulty in buying groceries, food items or medicines via your credit or debit cards. You can also buy vegetables, shoes, clothes and many more things in shopping malls.

The problem arises only when plastic money is not accepted by someone. For instance, your local chemist may refuse to accept plastic money. In that case you have the option of going to another chemist who may accept your card. However, if you don’t want to do so, then you may order medicines online through apps like Netmeds after installing them on your mobile phone. This is quite easy and you will also get discounts.

Similarly, you can use apps like Foodpanda and Zomato if you want food to be delivered at your home, while you can use apps like UrbanClap for availing household services. For buying groceries, you can use apps like Big Basket and Nature’s Basket, while for transport you can take the help of Uber and Ola apps.

Apart from these apps, e-wallets like Oxigen, Paytm and Mobikwik are available which allow users to buy goods and services at the listed merchants and even local kirana or vegetable shops.

It is clear, thus, that demonetisation has made our day-to-day living tough. But going cashless too is not that difficult. We can still buy things of our requirement. We just need some patience as well as a little bit of learning and practice.

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