Digital Transactions Increased 23-Fold Post Demonetisation: Niti Aayog



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  1. Digital transactions increased by about 23 times in March
  2. Aadhaar Enabled Payments touched over 5 crores in March 2017
  3. PM Modi announced about 75 townships in India as 'less-cash townships'

Computerized exchanges expanded by around 23 times in March to almost 64 lakh, with aggregate estimation of Rs 2,425 crore, from last November when demonetisation produced results.

"Volume of every single computerized exchange expanded by around 23 times with 63,80,000 advanced exchanges for an estimation of Rs. 2,425 crores in March 2017, contrasted with 2,80,000 advanced exchanges worth Rs. 101 crores till November 2016," Niti Aayog said in an announcement.

Aadhaar Enabled Payments have expanded from 2.5 crores in November 2016 to more than 5 crores in March 2017, it said.

Subsequent to rejecting of Rs. 500 and Rs. 1,000 notes on November 8, 2016, the legislature had propelled two plans to boost advanced installments - Lucky Grahak Yojana and DigiDhan Vyapar Yojana on December 25.

The announcement additionally said Immediate Payment Service (IMPS) exchanges have likewise expanded from 3.6 crores to 6.7 crores amid a similar period.


Keeping in mind the end goal to accomplish the objective of 2,500 crore advanced exchanges in the current money related year, the Prime Minister on Friday declared around 75 townships spread all over India as 'less-money townships', it said.

As indicated by the announcement, a less-money township is one where the organization of installment acknowledgment framework is finished, every one of the families in the township are secured under preparing programs.

"Townships with more than 80 for every penny of the aggregate number of exchanges being done through advanced methods of installments amid the survey time frame are incorporated into this rundown," it called attention to.

Noticing that the townships were chosen on the premise of outsider appraisal by Price Waterhouse Coopers (PWC), the announcement said that "these townships are probably going to create more than 1.5 lakh advanced exchanges each day in this way prompting around 5.5 crores computerized exchanges in a year".

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