Estimated daily secure transactions via Aadhar(AePS) double to 113 lakh in lockdown

Aadhar(AePS)

According to the latest data, Rs 32,300 crore has been transferred to 340 million beneficiary holders accounts under the Pradhan Mantri Garib Kalyan Package in lockdown declared by the finance ministry of India on March 26.

It aimed at promoting financial inclusion and providing digital payment services in rural and remote areas, such transactions amounted 430 million, totaled to Rs 16,101 crore, during the lockdown, the ministry said in a post on site Twitter account.

Over 80 million women beneficiaries withdrew money from their Jan Dhan accounts, the government added, appreciating the work of banking correspondents in making these transactions possible.

The relief package involved cash and grain transfers totaled to Rs 1.7 lakh crore over three months starting from April, with direct benefit transfer to above than 200 million Jan Dhan accounts belonging to women.

Since the package was announced, the government has twice extended the lockdown, first till May 3 and then till May 17.

Read Other Related News

ESAF Bank Records a Huge 111% Profit Jump in FY 20 Debt woes derail India’s plan to deliver stronger fiscal support
Dvara KGFS Announces Transactions Worth Rs 7 Crore Through Aadhaar-Enabled Payment System Credit Card Revenues to Remain Stable Despite Dip in Credit Cards Growth: RBL Bank
Despite Abundant Liquidity, Banks Shouldn’t Lend Recklessly Credit Card Spending Dipped 51% In April In The Midst Of The Coronavirus Lockdown
Direct Benefit Transfer Payments Surge In Contrast To Other Transaction Modes Cryptocurrency exchanges look for its status and taxability in India.



NEED A LOAN?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.


Latest News

Menu