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Cash is no longer the king at RTOs

Note ban hits sales and registration of new cars; Uttarakhand launches online payment; Delhi, Mumbai to follow suit

Ajay Modi & T E Narasimhan  |  New Delhi/ Chennai 

Regional transport offices (RTOs), where transactions always used to happen in cash, are feeling the brunt of demonetisation.  In Delhi, one of the largest car markets in India, registration of new vehicles has been severely impacted since demonetisation was announced on November 8. On certain days, the volume of new registrations declines by as much as 50 per cent of the normal volume owing to shortage in currency notes. Even though the RTOs are accepting Rs 500 notes and other denominations of Rs 100 and Rs 2,000, the buyers do not have these currencies owing to strict ...


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First Published: Wed, November 30 2016. 00:02 IST