Few takers in govt for handling fee on cash withdrawals

  |   India News

Influential sections within the government are opposed to the idea of levying any "handling fee" on cash withdrawals above Rs 50,000 per day from current account as suggested by a panel of chief ministers in its interim report on digital payments.

Sources said even within the panel there were differences on the issue with some saying that levying any handling fee on cash transactions would hurt bank deposits and prompt people to go for more cash dealings.

The chief minister's panel headed by Andhra Pradesh CM Chandrababu Naidu had recommended levying a nominal 'cash handling fee' on withdrawals from current account above a threshold, say Rs 50,000 per day.

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