GROWTH IN PAYMENT SYSTEM IN INDIAN BANKS – AN ANALYSIS
Keywords:
ATM, Debit Card, Credit Card, RTGS, NEFTAbstract
The Reserve Bank of India and the Government of India both are regularly trying to provide
safe, secure, efficient and affordable payment system to Indian customers. Various payments
systems are being used in everyday life in place of physical currency with the help of technology.
They are of different forms viz. cash cards, credit cards, debit cards, prepaid cash cards and
store cards. These payments systems are becoming very popular among Indian bank customers.
The present paper is an attempt to study the growth in various select payment systems in banks
in India.
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