Business

Cash Withdrawal limits likely to continue

Cash Withdrawal limits likely to continue

TIL Desk/Business/New Delhi- As the deadline for making payments through old Rs 500 notes for select purposes drew to a close on Thursday midnight, the Centre is planning to come out with a fresh set of incentives and discounts to promote digital transactions.

The government seems to be quite sure that the pain faced by the common man in the wake of demonetisation would ease by early next month, but it may not lift the limits imposed on withdrawal of money from banks and automated teller machines (ATMs) anytime soon.

This leaves questions on when the situation would return to normal unanswered. Officials said new incentives and discounts might come soon and include incentive to hospitals, which go for cashless payment systems.

The ministry of food and consumer affairs had, on late Tuesday night, announced a 5% additional discount to all farmers who have stored their produce in Central Warehousing Corporation godowns over and above the existing rebate if they make cashless payment.

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