Impact on Digital Banking after Demonetisation

Author(s): Vinay Prasad Mehta

Abstract:

The automation of conventional banking services using a digital platform is known as digital banking. Digitally enabled banking system offers several benefits to banks as well as to customers. Financial firms that provide digital banking services online eliminate needless paper documents like demand drafts, pay stubs, and cheques the process of depriving a monetary unit of its status as legal tender is known as Demonetisation. Demonetization, to put it simply, is the process through which the notes that have been demonetized are no longer recognised as legitimate money for any type of transaction. Following the process of demonetisation, the old money is substituted with a new one that could have a higher or same denomination. Data are collected from primary sources and secondary sources i.e. direct observation, Indirect personal investigation, Interview, questionnaires, Survey, Books, magazines, Journals, NEWS papers, Religious books, Encyclopedia &Dictionary, Conference papers, Thesis etc. Sample size is used in this research 300 and Kruskal wallis test, ANOVA& paired t test used in this research paper. The empirical result was calculated using SPSS 26.0.

keywords:

Pages: 85-89     |    3 View     |    0 Download