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Impact of Demonetization Towards Digital Payment in Rural Area with Reference to Panruti Taluk

Issue Abstract

Abstract
Demonetization is the act of stripping a currency unit of its status as legal tender. In 2016, the Indian government decided to demonetize the 500- and 1000- rupee notes, the two biggest denominations in its currency system; these notes accounted for 86% of the country’s circulating cash. Digital Payment is a means of making payments over an electronic network such as the Internet. The Statement of problem is in demonetization, peoples are affected to transact their payment. The objectives are to study the impact of demonetization on Digital Payment and analyzing the factors influencing in Digital Payment. In demonetization, Majority of users are had neutral opinion about digital payment.
Keywords: Demonetization, Digital Payment.


Author Information
Dr. R. Krishnakumar
Issue No
3
Volume No
4
Issue Publish Date
05 Mar 2018
Issue Pages
214-218