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No proposal to withdraw cheque book facility in banks: Finmin

No proposal to withdraw cheque book facility in banks: Finance Ministry

NEW DELHI: Refuting an earlier report that cheque book facility would be withdrawn to push digital transactions, the Ministry of Finance on Thursday clarified that there is no such proposal under consideration.

To recap, just last week, Confederation of All India Traders+ (CAIT) Secretary General Praveen Khandelwal said, “In all probability, the Centre may withdraw the cheque book facility in the near future to encourage digital transactions.”

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