MERCHANTS ARE CASHED, DUE TO SHORTAGE OF MONEY

 

Nizamabad,April 19,(globelmedianews.com):
Cash shortages are cashed by merchants.Traders are charging more than two percent if they do have a currency Swiping.People are not aware of swiping before November 8, 2016.Prior to the annulment of banknotes,using credit and debit cards, shopping and other services are available where the swiping machine is used.Once They do not have any charges.The charge for all transactions under which the card is under the fare involved the dealer and the manager.Traders started paying 2 percent more on each swiping as digital banknotes grew and banknotes began to trigger after banknotes canceled.People have been reduced the charges of the notes in the middle.In the past two months, the bank has to start swiping again after the trouble starts. In the same order, traders were initially swiping only when they agreed to get 2 percent additional charges.


MERCHANTS ARE CASHED, DUE TO SHORTAGE OF MONEY

There are 265 government and private banks in Nizamabad district and 251 ATM centers. After the cancellation of banknotes, Rs 2,000, Rs 500, Rs 50 and Rs 10, respectively, were brought to the market by RBI. However, the cash troubles in the district are not fulfilled. If you go to cash in banks, there is no room for at least Rs 5 a day. Most ATMs are either cash reserves or closed. It is necessary to rely on swipeing. Before the cancellation of banknotes, there were only swaying machines in just a thousand. Subsequently, the number of them reached 8,000 by the banking sources. The number of merchants who have applied recently has been around 5,000. There is no need to specify how much demand for swipes will increase. At the same time, there is a need to pressure the Leid Bank mechanism, bankers and merchants to make swipe-ups.

Earlier petrol bunks Petrol is pouring their no extra charges.At present, over 2 percent charges on each transaction. In fact, the central government announced 90 paise per customer for each hundred transactions in the bank. It was implemented in the early days. At present it is not clear to anyone. Many shops in the city of Nizamabad are allowed to swipe up if they buy or shop over Rs. 500. 2 per cent more on this. For this purpose, there is a need to put in a large number of stores and business houses,Bankers also do not disclose clear rules in case of swiping. In fact, the RBI had earlier announced that it would not have to make any additional charges. However, there are no clear orders of merchants from district bankers. The merchants, therefore, are making their gains as they like. As a result, the ultimate burden is coming up with customers.

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