Cash Transactions Charges Most Retrograde Step: P Chidambaram
Cash Transactions Charges Most Retrograde Step: P Chidambaram
The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.

New Delhi: The move by some public and private banks to levy charges after certain number of cash transactions at branches is the most retrograde step, former Union Finance Minister P Chidambaram on Sunday said.

The move to re-impose a fee on cash transactions was seen in some quarters as aimed at discouraging cash transactions and furthering the digital payment drive.

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