The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.
New Delhi: The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.
(1/2) Bank charges for depositing cash and withdrawing cash is most retrograde step.? P. Chidambaram (@PChidambaram_IN) March 5, 2017
(2/2) Will banks be happy if customers withdraw cash in one go and keep cash at home?? P. Chidambaram (@PChidambaram_IN) March 5, 2017
The move to re-impose a fee on cash transactions was seen in some quarters as aimed at discouraging cash transactions and furthering the digital payment drive.
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