Angadia System

  • It is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for courier.
  • It is by and large used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade.
  • Generally, it is the Gujarati, Marwari and Malbari community that are involved in the ....
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