Ancient time was the world of barter system that gradually shifted towards cash world. In cash world, most of the transactions were based on cash or cash/hard cash was required for every transaction that created the risk of security (economical as well as physical/life) so some other secured means were necessary for smooth transactions. Electronic/digital payment is a gateway to risk free /low risk transactions within a meantime. As our honourable present Prime Minister Sh. Narender Modi is also focusing towards digital India where he has highlighted about the aspects of cashless India especially in the crucial time of demonetization. This is basically a conceptual paper which focuses on the various modes of digital payment which is obviously a very big addition for transforming India into cashless India. In this paper, only those modes have been taken into consideration which has wide acceptability as well suitable in Indian scenario. Efforts have been made through this paper to highlight the concept of such modes throwing light on the basic fundamentals as well as requirements to adopt such modes. With the wide adaptability with acceptability as well as wider circulation with knowledge of these modes can definitely contributes in fulfilling the daydream of ‘Cashless India’.