In the wake of demonetisation, 90% of angadiya service providers in the city — a parallel banking system and cash courier service for businessmen — have switched to regular courier services. Diamond traders and businessmen prefer angadiya services as it involves mutual trust. “It is better to retract the services now than to come under the scanner later,” Kanti said, adding, “We stopped cash courier service more than a month ago. To add to it, angadiyas have stopped accepting cash couriers,” he said. “From last week, a couple of angadiyas have started accepting cash couriers.

Source: Hindustan Times January 23, 2017 05:49 UTC