CASHLESS INDIA: CHALLENGES AND BENEFITS

Registration ID: IJNRD_180099

Published ID: IJNRD1806004

: Click Here to Get

Anjali Dubey, Sripal Srivastava

Cashless Economy, e-payments, descriptive analysis, digitalization, India.

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.

Published Paper   E-Certificate

Anjali Dubey & Sripal Srivastava (June-2018). CASHLESS INDIA: CHALLENGES AND BENEFITS. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 3(6), 17-22. https://ijnrd.org/papers/IJNRD1806004.pdf

Volume 3 Issue 6, June-2018

Pages : 17-22

Paper Reg. ID: IJNRD_180099

Published Paper Id: IJNRD1806004

Downloads: 000122018

Research Area: Management

Author Type: Indian Author

Country: Ghaziabad, Uttar Pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD1806004.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD1806004

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

UGC CARE JOURNAL PUBLICATION | 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

Publisher: IJNRD (IJ Publication) Janvi Wave | IJNRD.ORG | IJNRD.COM | IJPUB.ORG

© 2025 — Authors hold the copyright of this article. This work is licensed under a Creative Commons Attribution 4.0 International License. and The Open Definition.

You are free to share, adapt, and redistribute the material, provided proper credit is given to the original author. 🛡️ Disclaimer: The content, data, and findings in this article are based on the authors’ research and have been peer-reviewed for academic purposes only. Readers are advised to verify all information before practical or commercial use. The journal and its editorial board are not liable for any errors, losses, or consequences arising from its use.

Call For Paper - Volume 10 | Issue 10 | October 2025

IJNRD is a Scholarly Open Access, Peer-Reviewed, Refereed, and UGC CARE Journal Publication with a High Impact Factor of 8.76 (calculated by Google Scholar & Semantic Scholar | AI-Powered Research Tool). It is a Multidisciplinary, Monthly, Low-Cost, and Transparent Peer Review Journal Publication that adheres to the UGC CARE 2025 Peer-Reviewed Journal Policy and aligns with Scopus Journal Publication standards to ensure the highest level of research quality and credibility.

IJNRD offers comprehensive Journal Publication Services including indexing in all major databases and metadata repositories, Digital Object Identifier (Crossref DOI) assignment for each published article with additional fees, citation generation tools, and full Open Access visibility to enhance global research reach and citation impact.

The INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to advance applied, theoretical, and experimental research across diverse academic and professional fields. The journal promotes global knowledge exchange among researchers, developers, academicians, engineers, and practitioners, serving as a trusted platform for innovative, peer-reviewed journal publication and scientific collaboration.

Indexing Coverage: Google Scholar, SSRN, ResearcherID-Publons, Semantic Scholar (AI-Powered Research Tool), Microsoft Academic, Academia.edu, arXiv.org, ResearchGate, CiteSeerX, ResearcherID (Thomson Reuters), Mendeley, DocStoc, ISSUU, Scribd, and many other recognized academic repositories.

How to submit the paper?

By Our website

Click Here to Submit Paper Online

By Mail

Send your paper to editor@ijnrd.org

You can now publish your research in IJNRD. IJNRD is a Transparent Peer-Reviewed Open Access Journal Publication (Refereed Journal), aligning with New UGC and UGC CARE recommendations.

For more details, refer to the official notice: UGC Public Notice

Submit Paper Online

Important Dates for Current issue

Paper Submission Open For: October 2025

Current Issue: Volume 10 | Issue 10 | October 2025

Impact Factor: 8.76

Last Date for Paper Submission: Till 31-Oct-2025

Notification of Review Result: Within 1-2 Days after Submitting paper.

Publication of Paper: Within 01-02 Days after Submititng documents.

Frequency: Monthly (12 issue Annually).

Journal Type: IJNRD is an International Peer-reviewed, Refereed, and Open Access Journal with Transparent Peer Review as per the new UGC CARE 2025 guidelines, offering low-cost multidisciplinary publication with Crossref DOI and global indexing.

Subject Category: Research Area

Call for Paper: More Details

Approval, Licenses and Indexing: More Details