November 30, 2020

24X7 News Guru

The Real Time News

Cash still king, average withdrawal from ATM hits record high of Rs 5,000

Cash withdrawals have hit a record high, with Indians withdrawing nearly Rs 5,000 at one go. The average ticket size of transactions went up to Rs 4,959 per ATM withdrawal from debit cards in August as cash in circulation hit a record high of Rs 26 lakh crore (12% of GDP). While cash withdrawals have rose around 10% since last November, UPI payments have shot up by close to 20% during the period to an average ticket size of Rs 1,850.​...

Cash withdrawals have hit a record high, with Indians withdrawing nearly Rs 5,000 at one go. The average ticket size of transactions went up to Rs 4,959 per ATM withdrawal from debit cards in August as cash in circulation hit a record high of Rs 26 lakh crore (12% of GDP). While cash withdrawals have rose around 10% since last November, UPI payments have shot up by close to 20% during the period to an average ticket size of Rs 1,850.​

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