To avoid difficulties use mobile phones for banking, says Modi
Prime Minister Narendra Modi urged people suffering from demonetisation of Rs 500 and Rs 1000 notes to use mobile banking so that it can serve as a bank branch to curb black money and corruption.
Saying number of mobile phones is four times the number of families in the country, he asked the people to use their mobiles to make payments.
“You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking,” Modi said.
PM described the demonetisation as a step to give poor their rights.
“You know because of corruption, black money, the middle class had been exploited and poor people were devoid of their rights. I want to stop it and give poor people their due rights,” he said. “The trade of black money is eating into the country like termite,” Modi added.
“Therefore, Rs 500 and Rs 1000 notes has been banned and new notes will gradually reach (people). I am short of words in thanking people who suffered problems and inconvenience (due to demonetization) and you continued to stand with this work of honesty,” PM said.
To eliminate the evils of black money and corruption, Modi urged people to make payments through their mobiles.He added by saying it was the need of the hour to stop circulating fake currencies which was destroying the youth.
“Fake currency has destroyed our youth and to save my youths, it is the need of the hour to end fake currency and I want to urge you to fully support the ongoing campaign (demonetisation) to make India great,” PM Modi said.