SBI’s High-Potential Digital Platforms Helping Demonetisation Demands

The State Bank of India's (SBI’s) has been smoothly handling the post demonetisation demands as its digital transaction platforms are equipped to handle much higher transactions than the average level, a senior official said.

"There has been quantum jump in digital transactions post demonetisation and these are being handled seamlessly,” said SBI chairperson Arundhati Bhattacharya.

According to the official, mass usage of digital channel is a good shift which, apart from being available to the customers 24x7, it also decongests branches.

After demonetisation the bank's Point of Sale (PoS) transactions have seen 200 per cent jump by value and 300 per cent volume wise increase, showing that digital transactions are on the rise, the official said.

With inputs from IANS.