It was that simple. The same also applied to all forms of electronic money such as credit cards, debit cards, and so on. In each case, it was the same thing- an agreement.

He quickly keyed in the necessary numbers and sure enough, it was done. He felt pleased and grown up. As he was switching of his computer, he heard a familiar voice. It was neither male nor female, neither young nor old and it seemed to come not from close by nor from far away. "Oh, my old bones ache", Arth smiled.

The Old Man Monetary is copyright of Reserve Bank of India and is posted here in public interest and to spread banking awareness among kids.