IJNRD Research Journal

Click Here

WhatsApp editor@ijnrd.org
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)

Call For Paper

For Authors

Forms / Download

Published Issue Details

Editorial Board

Other IMP Links

Facts & Figure

Impact Factor : 8.76

Issue per Year : 12

Volume Published : 8

Issue Published : 90

Article Submitted : 30200

Article Published : 8354

Total Authors : 21024

Total Reviewer : 1030

Total Countries : 162

Indexing Partner

Join RMS/Earn 300


This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Published Paper Details
Authors Name: Anjali Dubey , Sripal Srivastava
Download E-Certificate: Download
Author Reg. ID:
Published Paper Id: IJNRD1806004
Published In: Volume 3 Issue 6, June-2018
Abstract: Introduction: Before the development of modern banking system, banking operation like posting of transaction from one ledger to another, issue of cash and deposit of cash and other banking activities was manually done which lead to a slowdown in settlement of transactions. Digital, is a powerful word which is contributing a lot to the development in any country, many countries using now a days digital payment, digital marketing, digital innovations etc. India is also not so far from the benefits of digitalization, to understand the power and benefits of digitalization Objective of study: The objective of this paper is to examine the current monetary system of paper currency and coins and electronic payments in cashless economy of India: Challenges and Benefits. This new policy of Indian Government on cashless system of payment has raised a lot concern to the growth of Indian Economy, with the aim of reducing robbery, high cost of processing cash, revenues leakage, inefficient treasury management, fake currency etc. Methodology: Descriptive research design was used to carry out this study. Expected result: The author concluded that cashless system of payment will be examined and develop the e-payment system first, so that people will be used to it before talking of cashless economy. To retain this policy of cashless economy in India, it is suggested that the movement of our payment system towards a cashless society would require some reforms, a lot of efforts and sensitization especially for low income group, unorganized market who are currently deeply rooted in using cash and see it as a convenient and easy way of receiving and making payment. There should be improvement in infrastructural and development so as to enhance e-payment system. The paper recommends a cashless society in wake of the negative and fraudulent practices that are associated with cash, something that can be fixed by adopting a new, smart, innovative and hassle-free model that simplifies the exchange of money without attaching any tangibility to it. Keywords: Cashless Economy, e-payments, descriptive analysis, digitalization, India.
Keywords: Cashless Economy, e-payments, descriptive analysis, digitalization, India.
Cite Article: "CASHLESS INDIA: CHALLENGES AND BENEFITS", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.3, Issue 6, page no.17-22, June-2018, Available :http://www.ijnrd.org/papers/IJNRD1806004.pdf
Downloads: 000114694
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID:IJNRD1806004
Registration ID: 180099
Published In: Volume 3 Issue 6, June-2018
DOI (Digital Object Identifier):
Page No: 17-22
Country: Ghaziabad, Uttar Pradesh, India
Research Area: Management
Publisher : IJ Publication
Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD1806004
Published Paper PDF: https://www.ijnrd.org/papers/IJNRD1806004
Share Article:

Click Here to Download This Article

Article Preview
Click Here to Download This Article

Major Indexing from www.ijnrd.org
Semantic Scholar Microsaoft Academic ORCID Zenodo
Google Scholar ResearcherID Thomson Reuters Mendeley : reference manager Academia.edu
arXiv.org : cornell university library Research Gate CiteSeerX PUBLON
DRJI SSRN Scribd DocStoc

ISSN Details

ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

DOI (A digital object identifier)

Providing A digital object identifier by DOI
How to Get DOI? DOI


Open Access License Policy

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Creative Commons License This material is Open Knowledge This material is Open Data This material is Open Content

Important Details

Social Media


This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Join RMS/Earn 300