RBI reiterates usage of digital modes for banking transactions

As the country enters the fourth round of lockdown, the Reserve Bank of India (RBI) on Wednesday reiterated usage of digital modes for banking transactions.

Earlier this week, the National Disaster Management Authority (NDMA) announced lockdown 4.0 till May 31 to check the spread of coronavirus.

The use of digital payment modes has become more important as the ongoing nationwide lockdown, imposed to maintain social distancing to contain the spread of coronavirus, has restricted the movement of people.

In the campaign launched on a microblogging site, the central bank said digital payment modes make it easier for people to do banking transactions while being safe at home and at any hour of the day.'