Press Information Bureau
Government of India
Ministry of Finance
In order to facilitate the move towards cashless transactions, the
Government has directed the banks to install an additional one million
new PoS terminals by 31st March 2017;. 2,73,919 camps organized to open
banks accounts for unorganized labour in which 24.54 lakh accounts
opened.
As part of the plan to expand the digital payments eco-system and
facilitate the move towards cashless transactions, the Government has
decided that an additional one million new PoS terminals should be
installed by 31st March 2017. Towards this end, banks have already
placed orders for 6 lakh PoS machines and another 4 lakh PoS machines
are likely to be ordered in the next few days. The country today has
about 15 lakh PoS terminals across different merchants to facilitate
card based payments.
A special drive has also been undertaken jointly with Ministry of Labour
& Employment and States’ Administration to open banks accounts for
unorganized labour by holding camps at various locations. A total of
2,73,919 camps have been organized so far in which 24.54 lakh accounts
have been opened.
In the light of the Government’s decision to demonetize Specified Bank
Notes w.e.f. the midnight of 8th November 2016, banks are making all out
efforts to facilitate genuine transactions. Appropriate action is being
taken against individuals involved in irregular and unauthorized
activities. Since 3rd December 2016, action against 7 officials of
Public Sector Banks (PSBs) have been taken.
In addition, audit has been taken-up in few branches of Public Sector
Banks (PSBs). The Concurrent Audit is also being initiated as per the
requirement and under the extant guidelines of RBI.
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