A Study on Cashless Transactions in Karaikal Town

Abstract

Cashless transactions are not new to us. It is started from the barter system itself. This study gives a bird’ eye view on the impact of demonetization in cashless transactions in our country by the statistical report of RBI. It aims to analyse the level of awareness and satisfaction level of the users on cashless transactions at present that is after demonetization in Karaikal town. As this is not an in-depth study, convenience sampling is used for the analysis of data. About 100 respondents are given questionnaires in Karaikal town only. There are some limitations in this study due to convenience sampling and the area of the study which is limited. The awareness level depends on education and at the same time the confidence on transactions ranked third shows the hesitation to do digital transactions. Anyhow this study revealed that the user prefers cash and they approve it ‘Cash is a King’.