How will the decision to charge Rs.150 per transaction bolster digital payments?
Dataquest | March 02, 2017
Finally the private banks seem charged up to take action against the cash transactions and so have increased their steps to expand digital transactions’ ecosystem in the country. The banks have started discouraging usage of cash. Major private banks such as HDFC, ICICI and Axis bank have announced that they would charge Rs. 150 per transaction for cash deposits and withdrawals beyond four transactions in a month.