Digital Transactions

Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon.  Why.

  1. RBI has slowly increased the currency circulation.
  2. Households and business personnel are moving closely back to their choice for making payments.
  3. Withdrawal of cash from ATMs have picked up and almost reached a level as was before demonetization.
  4. 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.

Cash withdrawals vis-à-vis Debit cards

Author: Admin Bankedge

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