Citation :

Dr. Kirankumar Tarikere, Akhil Dattatraya Joshi, 2024. "Impact of Digitalization on Cash Circulation in India" ESP International Journal of Science, Humanities & Management Studies(ESP-IJSHMS)  Volume 2, Issue 1: 73-81.

Abstract :

Management of currency deals with maintaining proper balance of demand and supply of cash. Equilibrium for demand and supply of cash has to be maintained so that it can not only build the requirement of the Cash but also suffice it. Cash is the King in the making of financial system of any nation. If Cash is not handled properly than it may lead to disrupted financial system. Cash handling becomes more important when the aspect of digitalization is added in it. Digitalization becomes more and more important at the times of 21st century. Even though Digitalization has been initiated but still Cash circulation is still prevalent in the society. People dealing with cash transactions have favored more of cash driven transactions rather than Digital Payments driven transactions. There are many factors which led to less usage of Digital Payment platforms like low Digital Awareness, less Knowledge of the Digital Payment platforms, more biased towards Cash payments. One of the most striking features of Cash is the feel of cash which Digital Payments rarely fulfill. This paper is an attempt to analyze is there any impact of Digitalization on Cash Circulation in India or not.

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Keywords :

Cash, Circulation, Digitalization, Impact.