National Academy of Agricultural Sciences (NAAS)
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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706 Issues : 12 per year Publisher : Excellent Publishers Email : editorijcmas@gmail.com / submit@ijcmas.com Editor-in-chief: Dr.M.Prakash Index Copernicus ICV 2018: 95.39 NAAS RATING 2020: 5.38 |
The present study was conducted in Hisar district of Haryana state covering 200 respondents from two localities viz., rural and urban. Results shows that majority of respondents preferred to use cash in purchasing of items less than Rs.5, 000. None of the respondents preferred cash for purchasing more than Rs. 20,000. The findings are supported by Hernandez et al., 2014 who revealed that the preference of cash was to refrain from overspending and to keep an insight into the volume of spending. Debit card was utilized by majority of respondents, followed by credit card and Immediate Payment Service (IMPS).Majority of respondents in urban area utilized and respondents in rural area did not utilize bankcards before demonetization and no change was observed on their purchasing behaviour. The findings are in line of the study of Arabzadeh and Aghaeian (2015), Hirsehman (1979) argued that use of credit cards affected lifestyles, purchasing behaviour and attitude towards debt of the cardholders focused on the influence of method of payment on purchasing behaviour. It was found that individuals who possess both credit bankcards and in store cards were more likely to buy than those who own only bankcards or in-store cards. Further, it was also found that cardholders were more likely to make bigger purchases than non-card holders and mentioned that credit cards facilitate and induce purchases as compared to cash.
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