Volume : VII, Issue : VI, June - 2018

PLASTIC MONEY RISK AND BENEFITS

Geeta

Abstract :

The term innovation means that „to create one thing new‟  banks no longer restricted themselves to traditional banking activities , however explored newer avenues to extend business and capture new market.  Today, we are having a reasonably well developed banking industry with totally different categories of banks. A number of them

have engaged within the areas of consumer credit, master cards, merchant banking, net and phone banking, leasing, mutual funds etc. Some banks have already started subsidiaries for merchant banking; leasing and mutual funds are within the method of doing.

 This study presents an outline of the event of banking in India from time to time specifically centered on the plastic cards usage trends since these are introduced in Indian banking sector. Varied types of plastic cards provided by banks in India like ATM cards, Debit Cards, Credit Cards and smart cards are mentioned. The study additionally highlights the role of those cards as electronic payment tool to be utilized by customers and discusses cleå and settlement method of those cards. Some future plans made by various banks and institutions are also summarized in a way that it depicts the image of its future growth and prospects in India. 

 

Article: Download PDF    DOI : https://www.doi.org/10.36106/paripex  

Cite This Article:

GEETA, PLASTIC MONEY RISK AND BENEFITS, PARIPEX‾INDIAN JOURNAL OF RESEARCH : Volume-7 | Issue-6 | June-2018

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