Note Ban: 7 Steps By Modi Government To Help Us Go Cashless

The step to demonetise Rs 500 and 1,000 notes has been viewed as a way to make economical transactions cashless.

Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 notes has got many Indians struggling without cash. In these times of cash crunch, new notes are being printed. But there’s a simultaneous push to encourage people to adopt cashless means of living.

Also Read: Note Ban: Paytm Is of Little Help to Your Neighbourhood Chaiwallah

The Reserve Bank of India (RBI) and Economic Affairs Secretary Shaktikanta Das have together made public the government’s decision to ease norms for cashless transactions. Here are the seven changes:

Also Read: How Demonetisation Will Boost the Cashless Economy