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VOL. 3, ISSUE 1 (2018)
Cash less economy: meaning, method & impact on economy
Authors
Alka Rani, Punit Kumar
Abstract
This research paper focus on impact and importance of cash less policy in India. According to Govt., Cash less policy will reduce cash related corruption and attract Investment in India. It is expected that if cash less system will made in the payment system, it will reduce the cost of banking services and curb banking corruption. Electronic banking will be made banking transaction to be easlier by bringing services closer to their customers, hence improving banking industry performance. But there are many hurdles in the way of electronic payments. Safety over digital payments channel is important for cash less economy and awareness is necessary to adopt the benefits of cash less economy. The aims of this paper is to create awareness about the method of cash less payment.
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Pages:211-216
How to cite this article:
Alka Rani, Punit Kumar "Cash less economy: meaning, method & impact on economy". National Journal of Multidisciplinary Research and Development, Vol 3, Issue 1, 2018, Pages 211-216
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