cash transaction limit is banned or capped at Rs. 3 lakh

Our finance minister , Mr. arun jaitley , capped the cash transaction at Rs 3 lakh with the recommendation of special investigation team( SIT) in a line to curb the black money in the indian economy.

the capping move also impacted the cash holding of an individuals which is banned over 15 lakhs to strengthen the cash reserves of banks which will further boost the lending capacity of banks at lesser rates.

This move is a fairer move with respect to a fairer economy, as the main theme which comes out of all the decisions is to use online transactions and e-payments for all your purchasing and payments.

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