Impact of Demonetisation on usage of Internet Banking –A view through Demonetisation and Post Demonetisation phase.

Abstract

One of the aim of demonetisation move by the Government of India on 8^th November 2016 was to boost Digital payments. In the Survey done by Visa, The Economist Intelligence Unit (2018) reported that the overall rank of India regarding the adoption of digital payments has shown an increase in 8 points in 2018,  India has attained the  36th position in 2011 where as in 2018 it has progressed by 8 points attained 28^th in 2018. India secured top Ranks on Business to Government B2G and Government to Business G2B and secured 3^rd  on Customer to Government C2G jointly with Argentina. India also achieved 58th place for digital infrastructure. This paper aims at  finding the actual growth in the usage of Internet Banking during Pre-demonetisation phase and post demonetisation phase, and the prediction of future transaction, based on the volume of transactions are done on Internet Banking.