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‘Banks should make digital transactions free’

11:04 AM May 30, 2019 | Free Press Journal Correspondant

BHOPAL : In a meeting between chief minister and bankers held here on Saturday, the officials of state government suggested that banks should make digital transactions free of charge to attract people to go cashless. These officials said that most of the banks charge fee for digital transactions, which make people prefer using  cash.

Chouhan in the meeting urged bankers to consider the suggestion and work out minimum fee that could be charged for digital transaction.

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 He said some services should be given free of charge in order to attract people for cashless transactions. The bank officials in the meeting told that there has been shortage of point of selling (PoS) machines. Most of the banks are short of PoS machines, following businessmen getting them installed in wake of demonetization. Banks have been asked to consider remove charge on payment from PoS machines.

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Chouhan said district administration and banks will set up camps in each village panchayat from December 1 to promote the use of digital currency. In the said camps, the bank accounts will be opened in cases where Rupay cards have not been issued. Each branch of every bank will conduct a camp for one day in village panchayat.

Chief minister said a task force has been constituted to make Madhya Pradesh, a leading state in use of plastic currency. This task force will coordinate with plan of action of state govt and banks.

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