A STUDY ON THE AWARENESS OF CASHLESS TRANSACTIONS: A CASE STUDY OF NAMPALLY AREA

Abstract

  A study on the Awareness of  cashless Transaction in the Nampally area of Hyderabad city has been analysed by using the simple percentage method. The study is based on the data collected through a primary survey during the month of December, 2022. The data is represented through pie diagrams. A sample size of 101 respondents was selected using a random sampling method for the study. The respondents in  the study belonged to the age group of 16- 50 years. 50% of the total respondents are in the age group of 16-20 years & 50% are in the age group 21-50%. Respondents in the survey belong to different levels of education. 12% of the total sample respondents are illiterate and the rest are literate..The respondents consist of business people like general store owners, bangle store keepers, owners of tea stalls, textile shop owners, government & private employees, students and so on. Secondary data was also collected from journals & websites. The present study shows that all  types of respondents are aware of the concept  and modes of cashless transactions, independent of age, sex, education and occupation. The pattern & purpose of usage of these modes of transactions varies among the sample  respondents. So, we can say that, to make India a cashless economy is a right step  in the right direction.