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Home Nation

Will The Cheque Book Be The Next Target Of Ban In Modi Govt?

OMMCOM NEWSbyOMMCOM NEWS
November 22, 2017
in Nation

**Bhubaneswar**: Demonetisation became the beginning of the push towards a less-cash society. It is believed that the Centre could mull over banning the cheque book in the near future to boost digital transactions.

According to reports, Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said that the government needed to encourage the use of debit and credit cards.

The senior official of the prominent trade body was talking to reporters at the launch of ‘Digital Rath’, a joint initiative of the CAIT and Mastercard to encourage traders to adopt different modes of digital transactions and promote cashless economy. He said “In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions.”

It is believed by some that if the government withdraws the bank cheque book facility, it will prove as a major boost in the government’s endeavour to move towards a less-cash society.

Tags: BanCheque Bookcheque book banModi GovtNarendra ModiNext Target
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