TO STUDY CUSTOMER CHOICE BETWEEN PAPER CURRENCY AND PLASTIC MONEY

Plastic money is a term that is used predominantly in reference to the hard plasticcards we use every day in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.The focus of this paper is to study the choice of people between paper money and the plastic money. The survey was conducted on people of all the age groups. It was observed that buyers like plastic cards over paper currency and also the major advantage that the cards provide to the shoppers is the convenience and accessibility. The main drawback consistent with them is that the accumulated transactional charges and extra formalities to acquire the cards from the Financial establishments.