Pathan Mohsin Khan', Shaikh Md. Altaf*

ABSTRACT

Cashless India, The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India. Developments in electronic payment systems have evoked considerable interest over the last two decades, Card-based products designed to facilitate retail payments act as a good substitute for bank notes and coins and complement traditional non-cash instruments Such as cheques. Similarly network-based or software-based products are also designed to facilitate payments over the Internet. A switch over from paper to electronic media is likely to cut deeper inroads into the strengthening of functioning of the government, reduction of costs for bankers and customers alike. Also, the risks in handling and transportation, the delays in executing the payment and the possibility of disputes over the settlement of the transaction are minimal. The cashless transaction is soon becoming the most preferred option and there are a number of benefits of going cashless. The digital or electronic transaction of the capital by using net banking, credit cards etc. is called cashless transfer. People can easily pay their bills online, shop and schedule transactions and manage all the finances using their laptops or smartphones. Key Word: Demonetization, Digital India, Digital/Cashless transactions.