This refers to your editorial Visible Withdrawal Symptoms of ATMs (Dec 4), The informal economy , corruption , and offer of cash at election times fuel the withdrawal of cash through the ATMs. Since digitalisation has picked up considerably among the retailers, the poor, lower and middle middle class the need for ATMs particularly for small denomination notes will decline.With the requirement of high denomination notes rising because of real estate deals involving black money and other reasons , there is a need to review maintenance of ATMs at a high cost. Gradually eliminate black money and high denomination notes through better fiscal , monetary and other administrative measures.
T.V.Gopalakrishnan
Bengaluru.
( This letter appeared in ET dated 5th Dec 2024.)
No comments:
Post a Comment