UPDATE: It is becoming clear day by day, that RBI officials and the government is going totally nuts. They are so desperate now to control our lives and inflate currency without anyone's noticing, that they are mulling to levy a financial transaction tax upon bank customers (see this). RBI published a paper in which they are outlining this lunatic idea. The newspaper story says this: "RBI paper, on Thursday, suggested that banks should charge cash withdrawal and deposit through cheques, while the government agencies should do away with ‘convenience charges’ for online payment of utility bills". And more, “In order to avoid increased dependence or slippage to cash-based transactions, high (both in amount and frequency) cash withdrawals and deposits of cash by individuals may also be charged,” said a discussion paper floated by the RBI on ‘Disincentivising issuance and usage of cheques." As you can see their aim of levying these charges on bank transaction is to discourage people from using cash. The story outlines this objective in clear: "The suggestions, on which the RBI has invited comments from the public by February 28, seek to establish a “less-cash” society and encourage greater adoption of electronic mode of payment."
In simple words these all means that they want us to get totally trapped inside their fraud banking system via use of only electronic payments. They are discouraging the usage of cash - they want a "less-cash" or a "cash-less" economy - so that they can easily track our income and expenditures so that to bring us all in their tax net. This also means they can easily inflate the currency because in a cash-less economy, RBI will not even have to print paper notes; they can just increase few computer digits to increase the money supply.
This is all an insidious trick which other western governments like USA, Spain, Italy etc., are also using to control and rob their slave population. Indian government is going broke, and they are desperate now to loot us more to fund their own profligacy of winning election votes. The government and RBI is on a looting spree.
One of the ways in which we can defeat these official mafias is via purchase of physical Gold and Silver. Staying out their fraud banking system is also important. Keep only minimum cash in banks which is enough for your essential daily business transactions. There are no good reasons for keeping big deposits when bank real interest rates are running in negative due to high inflation rate. Continue to buy hard assets and convert the phony fiat paper currency rupee in something tangible to stay away from this trap which RBI and government is laying for all of us now.