Study of Advanced Payments and Settlement in India : An Overview

By: Contributor(s): Series: . 3 ; 32Publication details: 2019-01-03Description: 14Subject(s): In: FINANCE INDIASummary: The objective of this study is to get deep insights into the advances payment and settlement systems that are available to the general public and also to assess their limits and changes. A qualitative study has been done through questionnaires in order to assess the awareness of the advance payment and settlement systems among the general public and merchants both big and small and to assess the charges levied by banks for offering the service of advance payment and settlement systems to their customers. Also there is a high potential for India to become a less-cash society and only a dedicated effort will help in successfully achieving it.
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Article St. Francis Institute of Management and Research Available AR0852

The objective of this study is to get deep insights into the advances payment and settlement systems that are available to the general public and also to assess their limits and changes. A qualitative study has been done through questionnaires in order to assess the awareness of the advance payment and settlement systems among the general public and merchants both big and small and to assess the charges levied by banks for offering the service of advance payment and settlement systems to their customers. Also there is a high potential for India to become a less-cash society and only a dedicated effort will help in successfully achieving it.

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