Role of digital-baking with special reference to demonetization

Abstract

After the effect of demonetization, digital cash has been the hotcake among the citizens of India. The demonetisation that happened it will not only have economic impact but also social and political ramifications, both from immediate and long-term perspectives Our system was not fully equipped with digital cash system and informal system only cash transaction was done. At the time of demonetization electronic infrastructure was not fully developed if the infrastructure was fully developed before doing it than the impact would be less on different sector. This paper tries to find out the challenges which are facing by the banking sectors that their customers are not using e-banking in daily economical activities also try to find out how these challenges convert into opportunities.