Study on E-Banking and Digital Payment Movement of India

  • Pooja Rakhecha, Dr. Manish Tanwar

Abstract

With the Governments move of Digital payment in India people are encouraging towards cashless economy by using the services of e-banking. India is undergoing a transformation for a digital payment lace-cash economy. Considering that only a small percentage of our population pays tax, it will improve the economy of the country if banking and tax systems pay more and more through digital payments. Apart from this, cash transactions are also a major cause of corruption in public life and governance. Therefore, moving towards a cash-less society, it will help in eliminating corruption and stop the use of cash. Apart from this, printing and distribution of cash is also very expensive.This study focuses on general introduction of E-Banking and Digital India movement along with major steps taken by govt. We have tried to suggest the measures to improve the security in e-banking.

Published
2019-12-21
Section
Articles