Ref: PXL/H.O./CIR-082/2016-17                                                      Date: 29.12.2016

Hyderabad

To,

All the Members of Council,

Dear Sir / Madam,

Subject: Implementation of Cashless Transactions

We would like to bring to notice of our Members that after demonetization, the Government of India is very keen to implement cashless transactions. In this context we advise all our members to take necessary steps to adopt cashless transactions procedure in making payments to Vendors, Employee salaries and all other major payments. The online transfers i.e. NEFT, RTGS facilities provided by all bankers can be widely used for making payments.

We want our members valuable feedback on cashless transactions enable us to communicate it to Ministry.

Thanking you,

Yours Sincerely,

Udaya Bhaskar

Addl. Executive Director