Impact of Demonetization on Banking Services “Among All forms of mistAke, prophecy is the most grAtuitous.” George Eliot, Middlemarch
Journal Title: International Journal of Management, IT and Engineering - Year 2018, Vol 8, Issue 2
Abstract
Demonetization is the process of stripping a currency unit of its status as legal tender. The opposite of remonetisation in which a form of payment is restored as legal tender. Due to demonetization it affects the people to buy necessary products for everyday essential. Earlier only people who are having through knowledge about computers and electronic appliances used to perform online mode. At the present the government is encouraging and sometimes making compulsion to perform online financial transactions. The elimination of corruption and eradication due to this demonetization the consumer attitudes towards the usefulness and willingness to use Internet e banking was identified and measured. For the consumer shifting from cash transform to cashless transactions such as Paytm, debit cards and Credit Cards. The main objective of the present study is to find out the impact of Demonetization on banking services, study is based on secondary data. The result of the study shows that there is positive and negative impact of demonetization on banking services.
Authors and Affiliations
Dr. Lilesh Gautam
Keywords
Related Articles
- EP ID EP19137
- DOI -
- Views 315
- Downloads 18
Empowerment of Women in Bangladesh: A Study
Bangladesh is an over populated developing country. But it is a small country. Shailkupa Pouroshova is in south western Bangladesh. It is a part of the Jhenaidah District. This study was based on the primary data. Stat...
A Panoramic View on Evolving Strategic HRM Concepts In Glocalisation: A HR Leadership Perspective
Strategic Human Resource Management (Strategic HRM), now in the globalised world is evolving as the fulcrum of modus operandi, in long term planning, adopted to achieve profitability for any kind of Organisation, be it...
E-Governance in Punjab- A SWOT Analysis
The present study deals with impact, challenges, chances to grow and implementing precaution measures. Descriptive & inferential studies carried out with association of literature review. SWOT Analysis carried out base...
TRAFFIC STUDY ON ROAD NETWORK AND IDENTIFY TRANSPORT IMPROVEMENT PROJECTS REQUIRED IN SALEM
Salem is the fifth largest city with a population of 7.54 lakhs (2011) in Tamil Nadu. Fast growth in population and vehicles in these centre have caused congestion in roads for movement of passengers and goods affectin...
slugInvestment Pattern in Debt Scheme of Mutual Funds – An Analytical Study
A Mutual Fund is a trust that pools together the savings of a number of investors who share a common financial goal. All such investors buy units in a fund that best suit their needs - be it growth in capital, regular...