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Fees on cash transactions amounts to financial terrorism

Fees on cash transactions amounts to financial terrorism

Friday, March 3, 2017, 7:32 PM

The move by private sector lenders to levy fees, for more than four cash transactions at their branches, has attracted criticism by a traders' body. Confederation of All India Traders termed the charges as "financial terrorism". CAIT General Secretary Praveen Khandelwal said, this was no way to encourage digital payments. He also demanded effective incentive schemes to promote more digital payments in India.
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