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Research on Impact and Importance of Digital Cash in India

Explore –Journal of Research

                                    Peer Reviewed Journal

     ISSN 2278–0297 (Print)

                                                                                                ISSN 2278–6414 (Online)

                Vol. XIV No. 2, 2022

© Patna Women’s College, Patna, India

                                                         https://patnawomenscollege.in/explore-journal-of-research/

Research on Impact and Importance of Digital Cash in India

•    Udeshya Srivastava      •  Avishek Choudhuri

Received                                   : April 2022

Accepted                                   : May 2022

Corresponding Author   : Udeshya Srivastava

Abstract : Digital Cash is transactions that take vicinity thru virtual or online modes and do not use a bodily change of cash involved. Each party, the payer, and the payee use digital mediums to change some money.

Digital Banking is then an e-global view that gives significant benefits to banks to increase advantage and performance simply to its customers concerning the simplicity of bills and admittance to the banking administrations 24*7. It is cultivated through utilizing situation of – the-workmanship innovation basis to reap modifications in indoor cycle standout facet interfaces. Gone are the times when people used to stay in lengthy queues of financial institutions, trusting that their flip would pull out coins or save cash in banks. Presently, people can find technique financial institutions without ultimate lengthy queues in step with their

advantage without agonizing over the economic hours. Prior, while virtual fees were present, people were hesitant to extrude their change propensities, but after demonetization, they’re left not using a choice to do their exchanges with virtual fees.
The Government of India has been assigned numerous measures to promote and inspire virtual bills. As a part of the `Digital India’ campaign, the authorities aim to create a `digitally empowered` economic system that is `Faceless, Paperless, Cashless. ` There are diverse sorts and techniques of virtual bills.

Keywords : Digital payment, demonetization, digital banking, transaction digitally empowered.

Udeshya Srivastava

MCA Student,

Amity Institute of Information Technology Amity University, Patna

Email-id:  udeshya1912@gmail.com

 

Avishek Choudhuri

Assistant Professor,

Amity Institute of Information Technology Amity University, Patna

Email-id: achoudhuri@ptn.amity.edu