............But transactions recovered to Rs 3,835 crore in January 2014 and Rs 7,435 crore in February. But this was still below the November 2013 figure. The data of March and April is yet to come out. Bankers say there are indications that it would have surely grown beyond the November level. Many say the bigger issue is of increasing usage of debit card at the ATMs where the transactions are negligible at merchant outlets. Today, the value of debit card transactions at merchant outlets is less than five per cent of the total transactions that takes place every year. People use debit card more often for cash withdrwal through ATMs................
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