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Demonetisation effect: Demand for cash rises 7%, says RBI

Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially.

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Reserve Bank Of India  |  Jan Dhan Yojana  |  Demonetisation

Advait Rao Palepu  |  Mumbai 



Demonetisation

People’s demand for cash continues to head northwards compared to pre- levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016.

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First Published: Tue, May 22 2018. 07:10 IST


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