Plastic Money
                     
PowerPoint Presentation



Topic - Plastic 
Money


Index
 What is plastic money 

?
 History of plastic 

money
 Feature of plastic 

money
 Five different type of 

Plastic money
 Credit card 
 Debit card
 Who can be a 

(credit\debit) 
cardholder’s?

 Difference Between 
Credit card & Debit 
card

 Store card 
 Prepaid cash card
 Cash card or ATM card
 Why use Plastic 

money?
 Rise in the use of 

Plastic money after 
Demonetisation

 Precautions
 Conclusion


  WHAT IS PLASTIC MONEY?

Plastic Money is a 
term is used 
predominantly in 
reference to the hard 
plastic cards.We use 
everyday in place of 
actual bank notes.


HISTORY OF PLASTIC MONEY

 It started in 
the year 
1951.

  New York 
based bank 
called “ 
Franklin 
National Bank 
” starting 
providing 
cards.


 Features Of Plastic 
Money

• No need to carry cash or a 
checkbook.

• It can obtain cash from the 
ATM.

• Bills can be paid 
automatically via credit card.

• Its quality is much better 
than paper money.


  Five different types of Plastic Money

• Credit Card
• Debit Card
• Prepaid Cash Card
• In-Store Card
• Cash card or ATM Card


Credit card


Credit Card
• Cashless Payments with a 

set spending limits.
• Payment take place after 

the purchase.
• Great flexibility – 

Installment facility.
• Most well-known credit 

cards: American Express, 
Visa, Master card.


Particulars Displayed on the Credit 
Cards

• Name of the customer
• 16 digit card number
• Validity Date
• The Visa hologram & The Visa logo
• Name of the issuing bank
• Signature Panel
• PIN (Personal Identification Number)


Debit Card


 Debit Card
• Card is directly linked to the Card 

Holder bank account.
• Transaction is debited immediately.
• No credit & Installment facility.
• Most well known debit cards:  

Maestro, Postcard.


Who can be a (credit/debit) cardholder?

• A person who earns a salary 
of Rs. 60,000 per annum is 
eligible for a card.

• He should have a  saving & 
current account in the bank.

• His assets liabilities on a 
particulars date are 
reported to bank.

• He is considered credit 
worthily upon to certain 
limit depending upon his 
income, assets & 
expenditure.


Credit Card v/s Debit Card

Credit Card

• Transactions are of 
Credit Nature.

• Risk of over 
spending.

• Interest charged to 
be the holder of 
card in case of 
overdrawing.

Debit card

• Transactions are of 
Debit Nature.

• No or less risk of over 
spending.

• Only fees are charged 
on yearly basis for 
card usage.


Store Card


    Store Card
• Card  with payment and 

credit function.
• Can only be used at specific 

retailers.
• Customers are offered 

product discounts, coupons, 
points toward merchandise 
or some other reward in 
exchange for their voluntary 
participation in the program.

• Well-known customer cards: 
myOne, Media Market, 
Lifestyle and big bazar.


  Prepaid Cash Card


Prepaid Cash Card

• Card is topped up with 
credit before use.

•  No credit or installment 
facility.

•  Open system :  (American 
Express, Visa, MasterCard) 


Cash Card or ATM Card
• A card that will allow you to 

withdraw money directly from 
your bank via an Automated 
Teller Machine (ATM).

• It will not allow the holder to 
purchase anything directly with 
it.

• Unlike a debit card, in-store 
purchases or refunds with an ATM 
card can generally be made in 
person only, as they require 
authentication through a 
personal identification number or 
PIN.


Why use Plastic Money?

• Easy to carry.
• Easy to 

operate.
• Safer to 

carry.
• More 

Security.
• Durable.
• Multiple 

functions.


Rise in use of Plastic Money 
after Demonetisation

• There has been a rise in the use of credit and debit 
cards after Demonetisation.

•  37.4% Indian travelers choosing plastic money 
over cash for bookings and other travel-related 
expenditure, a survey has said.

•  With Demonetisation, the trend of cashless 
transactions in travel will go up, and this will have 
significant medium to long term agents, Yatra.com.

•  Plastic money reduces the rate of corruption. And 
gives accurate tax report to the Government.


Precautions
• Don't write down your 

PIN number anywhere 
memorize it.

•  Be attentive while 
swapping.

•  Check your bills 
carefully.

•  If the card is lost, 
immediately inform the 
banker.

•  Change the PIN 
immediately the card is 
received from bank.

•  Register yourself for 
SMS alert whenever your 
account is accessed.

•  Do not allow anyone to 
access or use your card.


  Conclusion
The cashless system is not 
only requirement but also a 
need of today society. All 
the online market depend 
on cashless transaction 
system. Plastic Money is 
less time consuming and 
not a trouble of carrying 
and trouble of wear and 
tear like paper money. It 
also helps in record of the 
all the transaction done. It 
is without doubt said that 
future transaction system 
is cashless transaction 
system.