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What is Angadiya, ancient banking system scammers are using?
short by Ankit Tiwari / on Saturday, 25 October, 2025
Angadia system is an age-old parallel banking system where traders send cash from one state to another through a person called Angadia who charges nominal fee for it. It's largely used in jewellery trade by those who want to avoid formal banking scrutiny. Delhi Police recently arrested scammers who used the system to move ₹7 lakh stolen from a woman.