All of us are effectively conversant in the phrase, “Cash is King”.
Possibly that is the best time to unlearn the assertion?
The brand new knowledge launched by the RBI may counsel you why. The
central bank has launched the day by day settlement knowledge of choose
fee programs for June Three and June 4.
What are these knowledge about?
These settlement knowledge launched by the apex
bank, RBI, painting the quantity and value of transactions undertaken within the
fee programs by the:
- Reserve Bank Neft and RTGS,
- services offered by Nationwide
Funds Company of India: AePS, CTS, IMPS and UPI.
It additionally revealed the place of cash
withdrawal transactions by means of ATMs and Banking Correspondents on June Three and
RBI acknowledged formally that it is going to be
publishing day by day settlement knowledge on the next working day.
It would publish the information referring to
transactions undertaken in the course of the day, on the next working day, whereas the
knowledge referring to playing cards will likely be printed as soon as the day by day reporting programs
are in place.
Now let’s see these knowledge and resolve for
Money Withdrawal Knowledge
All these knowledge offered have been for June 3
and June 4.
- The overall quantity of cash withdrawal
from ATMs on June Three was Rs 4426.92 crore.
- The quantity was Rs 4424.53 crore
on June 4.
- Money withdrawn on AePS by means of
micro-ATMs/BCs on June Three was Rs 668.88 crore.
- This quantity on June Four was Rs
Non Money Transactions Knowledge
The value of transactions from:
- RBI operated RTGS on June 3
was Rs 3,30,632.89 crore.
- RBI operated NEFT on
the identical day was Rs 6,29,85.75 crore.
- These numbers have been Rs 329072.45
crore for RTGS, whereas Rs 63148 crore for NEFT.
- The value of fee transactions
by means of NPCI operated UPI on June Three was Rs 9622.38 crore.
- This quantity was Rs 9639.5 crore
on June 4.
- The value of NPCI operated IMPS
was Rs 7653.71 crore on June Three and Rs 7705.89 crore on June 4.