Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon. Why.
- RBI has slowly increased the currency circulation.
- Households and business personnel are moving closely back to their choice for making payments.
- Withdrawal of cash from ATMs have picked up and almost reached a level as was before demonetization.
- Payments through credit cards and wallets have seen only a marginal rise.
Just see the following chart which explains the cash in circulation, and also the ATM Cash withdrawals vis-à-vis Debit cards transactions.