The Cashless Economy and its Effects Among the Salaried Employees in Chennai City
S. Dhanalakshmi1, K. Komalavalli2, R. Hemalatha3
1S. Dhanalakshmi, Assistant Professors, Department of Commerce, Sriram College of Arts & Science College, Perumalpattu (Tamil Nadu), India.
2Dr. K. Komalavalli, Assistant Professors, Department of Commerce, Sriram College of Arts & Science College, Perumalpattu (Tamil Nadu), India.
3Dr. R. Hemalatha, Assistant Professors, Department of Commerce, Sriram College of Arts & Science College, Perumalpattu (Tamil Nadu), India.
Manuscript received on 28 November 2019 | Revised Manuscript received on 20 December 2019 | Manuscript Published on 31 December 2019 | PP: 113-116 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10121284S319/2019©BEIESP | DOI: 0.35940/ijrte.D1012.1284S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The government has implemented a major change in economic environment by demonetizing the high value currency notes of Rs.500 and Rs.1000 from 8th November 2016 and push India towards cashless future. The present study aimed to know about the awareness and acceptance of the cashless economy among the salaried employees in Chennai city. Data was directly collected from the online users and analyzed using percentages. The result of the study shows that the salaried employees are accepting and adopting cashless economy due to its comfort and transparency.
Keywords: Cashless Economy, Digital Payments, Awareness, Security.
Scope of the Article: e-Commerce