Here comes another important government-level move in the wake of coronavirus outbreak!
The Government of India has reportedly urged the banks to avoid cash or paper currency and promote the usage of digital currencies.
As a precautionary measure, the government has pressed for usage of digital payment options like UPI, NEFT, mobile banking, debit and credit cards instead of paper currency.
In a notification released on March 18, 2020, the Ministry of Finance said paper could be a potential medium of virus transmission.
In this regard, the Ministry urged banks to run campaigns across print, online and social media channels to highlight the benefits of digital payments in the current situation.
Additionally, banks were also asked to educate customers through banners and posters across their branches, ATMs and business correspondent outlets, among other ways.
Additionally, the government has also urged the banks and related offices to ensure sanitation facilities to customers while using biometrics and other common verification purposes.
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