To avoid the Corona epidemic, people are avoiding cash transactions.
According to the latest figures of the Reserve Bank of India (RBI), currency notes of Rs 29,39,997 crore were in circulation on 7 May 2021, which was Rs 28,58,640 crore on 26 March. Experts say that in the difficult times of Corona epidemic, people are preferring to keep cash.
Hospitals approved to take more than Rs 2 lakh cash Abhishek A., a partner of Khaitan & Company. According to Rastogi, people are keeping cash with them for emergency needs. At the same time, they are also avoiding going to the bank to deposit or withdraw money due to the risk of infection. He said that apart from this, hospitals have also recently been approved to take more than Rs 2 lakh cash along with a copy of PAN and Aadhaar. Due to this, people are giving preference to keeping money with them.