Digital transactions shoot up 23 times post note ban to 64 lakh

April 14, 2017 19:56

Digital transactions increased by about 23 times in March to nearly 64 lakh, with total value of Rs 2,425 crore, from last November when demonetisation took effect.

"Volume of all digital transactions increased by about 23 times with 63,80,000 digital transactions for a value of Rs 2,425 crore in March 2017, compared to 2,80,000 digital transactions worth Rs 101 crore till November 2016," Niti Aayog said in a statement.

Aadhaar Enabled Payments have increased from 2.5 crore in November 2016 to over 5 crore in March 2017, it said.

After scrapping of Rs 500 and Rs 1,000 notes on November 8, 2016, the government had launched two schemes to incentivise digital payments -- Lucky Grahak Yojana and DigiDhan Vyapar Yojana on December 25.

The statement also said Immediate Payment Service transactions have also increased from 3.6 crore to 6.7 crore during the same period.

In order to achieve the target of 2,500 crore digital transactions in the current financial year, the Prime Minister today announced about 75 townships spread all over India as 'less-cash townships', it said.

According to the statement, a less-cash township is one where the deployment of payment acceptance infrastructure is complete, all the families in the township are covered under training programmes.

« Back to LIVE

TOP STORIES

Let The Election Games Begin!

Polling and police officers travel in a boat with election materials to reach to a remote polling station ahead of the first phase of India's general election in the Majuli district, Assam, April 18, 2024.

MI Vs PBKS: Who Bowled Best? Vote!

Bumrah, Coetzee and Patel all took three wickets each.

Kerala woman cadet onboard ship seized by Iran returns home

At the airport, Joseph was received by the regional passport officer.

SC sets aside T'gana HC order declaring 106 acre of forest land as private

The humans have "selective amnesia" about the significance of forests, the Supreme Court said on Thursday while advocating the need for a change in approach towards natural resources from anthropocentric to ecocentric.

'Sun will rise tomorrow!' Curran vows PBKS' turnaround

Stand-in captain Sam Curran lauded the efforts of Ashutosh Sharma and Shashank Singh, who displayed remarkable composure in a high-pressure chase.