Banks to levy Rs 150 after 4 cash transactions, what's your view on this?

Yahoo India Finance Team
Yahoo! India Finance

To discourage cash transactions and encourage digital payments, now most of the banks including HDFC, ICIC and Axis bank are going to impose a minimum of Rs 150 for the cash transaction. It is free of charge for the first four transactions in a month, thereafter Rs 150 per transaction in the calendar month.

What do you think of this move and how successful is this going to be? Share your views with us.

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