Open AccessThe Cashless Economy and its Effects Among the Salaried Employees in Chennai City
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d1012.1284s319
Subject(s) - currency , transparency (behavior) , business , government (linguistics) , economy , value (mathematics) , marketing , economics , monetary economics , linguistics , philosophy , machine learning , political science , law , computer science
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..