Discover and read the best of Twitter Threads about #godigitalbanking
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@NPCI_NPCI @nsitharamanoffc @rbi @nsitharaman @DFS_India Dear @dilipasbe an idea to eliminate physical cheques from the banking industry for your perusal is explained below in the thread. Cc @rahuldeodhar @TheSwamy #contactless #godigitalbanking 1/9
@rajeevsinghal NPCI processes around 80 million plus cheques a month. Processing costs of cheques is not recovered adequately by Indian Banking Industry. #contactless #godigitalbanking 2/9
@rajeevsinghal Average value of cheque is less than Rs. 1 lakh. Cheques give beneficiary a confidence that she has an instrument to protect her right. Presently future dated NEFT/RTGS are not covered under 138 of NIA. #contactless #godigitalbanking 3/9
