Pro-Vice-Chancellor, Maulana Azad National Urdu University, (A Central University), Hyderabad, shakeel_du@yahoo.co.in, 09871561560
Online published on 4 November, 2017.
The present study has been emphasized on online banking transactions during the demonetization period in India. Demonetization effect has been observed on various segments including citizen's usage of online transactions to overcome the liquidity crunch, the present study has been emphasized on 100 days data which includes 50 days before demonetization, 50 days after demonetization. On the secondary data the correlation analysis has been applied between money in circulation and selected online banking transactions and observed negative relationship with money in circulation to selected online transactions. The linear regression has been applied on Granger casualty test result variables and found significant influence on all the banking transactions i. e., before demonetization, During demonetization, the study found due to the demonetization the usage of online transaction got increased many folds in volume wise this study is useful to the regulators, banks and citizens.
Demonetization, Banking transactions, IMPS, NEFT, RTGS and POS
