Angadia system.

Why in news?

• Angadias have recently been under attack by robbers owing to the large quantities of cash they carry.
• 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 used largely in jewellery business.
• The cash involved is huge and it is the responsibility of the Angadia to transfer cash from one state to another for which they charge a nominal fee.
• Generally, it is the Gujarati, Marwari and Malbari community that are involved in the business.