Budget 2019 Crackdown on Cash! No charges for customers using MDR on BHIM UPI, Aadhaar Pay, NEFT, RTGS

To further discourage extensive use of cash, the Finance Minister Nirmala Sitharaman brought in new measures in Budget 2019 – effectively another crackdown against cash. Right from cash withdrawal to making digital payments, Sitharaman had some bittersweet news for customers, banks, RBI and businesses. The purpose was to promote digitalisation […]