Published on: February 23, 2022



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An FIR has been registered against three Mumbai Police officials last week for allegedly threatening Angadias and extorting money from them in south Mumbai WHAT IS ANGADIA SYSTEM?

  • Century-old parallel banking system in the country
  • Traders send cash generally from one state to another through a person called Angadia that stands for courier
  • Used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade
  • 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


  • System per se is legal
  • Activity as it is suspected that a lot of times it is used to transfer unaccounted money
  • Been suspicions that it is also used for transfer of black money like the hawala transaction which is generally used across countries.
  • Large quantities of cash makes them susceptible as targets of robbery