just last week, Confederation of All India Traders +The Government of India has reaffirmed that there is NO proposal under consideration to withdraw the bank Cheque Book facility. — Ministry of Finance (@FinMinIndia) 1511444036000It had appeared in a certain section of media that there is a possibility that the Central Govt may withdraw bank... https://t.co/mcLmIdMrTU — Ministry of Finance (@FinMinIndia) 1511444413000NEW DELHI: Refuting an earlier report that cheque book facility would be withdrawn to push digital transactions, the Ministry of Finance on Thursday clarified that there is no such proposal under consideration.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,(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. "It is a well known fact that the digital transactions rose after the government's note ban exercise and e-payment companies have since seen substantial jump in their businesses. "In the last 12 months, we saw over three times growth.

Source: Times of India November 23, 2017 14:20 UTC