Why Are People Pulling Out More Cash Now? A sharp rise in cash withdrawals across India is raising a practical question for households: is this a sign of caution or a habit that could hurt your finances? Recent data shows withdrawals surged by around 12% in early April, hinting at a shift in how people are managing money day-to-day. What Changed: Cash Withdrawals See a Noticeable Spike New figures indicate a double-digit jump in cash withdrawals, suggesting more people are choosing physical cash over digital payments at least for now. This isn’t just a seasonal blip; the trend appears sustained enough to catch the attention of policymakers and economists. Possible triggers include higher day-to-day expenses, local liquidity needs, and a preference for cash during uncertain or high-spending periods. Who Is Affected: Every Household Managing Monthly Budgets This trend connects directly to: Families handling rising daily expenses Small businesses and local ...
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Planning a scenic drive between Mumbai and Pune? You might want to think twice before pulling over for a quick selfie. What looks like a harmless phot...