RBI pushes usage of digital modes for banking transactions


As the nation enters lockdown 4.0, the banking regulator Reserve Bank of India (RBI) on Wednesday once again pushed the usage of digital modes for banking transactions.


Earlier this week, the National Disaster Management Authority (NDMA) announced lockdown 4.0 till May 31 to check curb the spread of coronavirus.

During this pandemic situation, the use of digital payment modes has become more significant as the ongoing nationwide lockdown, imposed for maintaining social distancing to check the spread of coronavirus, has restricted the movement of people.

In the campaign launched on a microblogging site, RBI stated that digital payment modes make it easier for people to conduct banking transactions while being safe at and at any hour of the day.

“Safe digital transactions can be done from the safety of your home,” the RBI’s campaign emphasised.

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