1 publication

• Published Subscription 5 Sep 2024

  Assessing the Impact of Demonetization on India's Cashless System: A Comparative Study

  By Nitesh Dubey, P. K. Bajpai, R.K. Khatik

  Abstract: This study compares online and offline banking habits, economic outcomes, and digital transactions to investigate how India's 2016 demonetization affects the nation's transition to a cashless economy. The goal of the abrupt elimination of the ₹500 and ₹1,000 notes was to promote the usage of digital payments and fight black money. The results show a significant increase in digital transaction volumes and quantities after demonetization, indicating enhanced financial inclusion and …

  Published in NOLEGEIN Journal of Financial Planning And Management · Vol. 7, Issue 2, 2024 · pp. 53–58 Read article →