Saving Habits of Graduates

The present study is carried out in the universities of Delhi/NCR on undergraduate and post graduate students, regarding the student perception about savings. The development of saving habit is to enhance capital formation and reduce the financial burden of the parents. The aim of the study is to examine the saving habits of the students and their preference towards different saving methods such as teachings at primary school level, setting goal, recurring accounts, etc. Data has been collected through personal survey. The results showed that students want to save money and know the importance of savings. However, they need some policies and programmes to nudge them to save. Most of them chose the reasons for not being able to save are self-control problems, want to live in the present, etc.