International Journal of Application or Innovation in Engineering & Management
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ISSN 2319 – 4847
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Call for Paper, Published Articles, Indexing Infromation Age-Wise Financial Inclusion in India, Authors : Dr. Priti Bakhshi, Dr. Rekha Attri, International Journal of Application or Innovation in Engineering & Management (IJAIEM), www.ijaiem.org
Volume & Issue no: Volume 9, Issue 5, May 2020

Title:
Age-Wise Financial Inclusion in India
Author Name:
Dr. Priti Bakhshi, Dr. Rekha Attri
Abstract:
ABSTRACT: Merely opening a bank account does not qualify for the financial inclusion of the individual and he/she is required to actually use various banking services. A literature on such a study is scarce and therefore the main focus of this present research is to study the pattern of age-wise usage of banking services by individuals. The main objective of this paper is to study the Financial Inclusion in holistic perspective including growth in Accounts, Savings, Borrowings, Digital payments, remittances etc in context of demographic factor of age. The data is taken from secondary sources for an interval of three years i.e. 2011, 2014 and 2017 and then this data is bifurcated into young adults and older adults for financial inclusion parameters like Accounts, use of debit and credit cards, borrowings from Financial Institutions vs friends, use of Internet banking, digital payments etc. Percentage analysis is done along with trend prediction to understand the depth and volume change in financial inclusion. The scope of paper is limited to Financial Inclusion in India for age group 15 years and above. KEY WORDS: Financial Inclusion, Adults, Debit Card, Credit, Internet Banking, Mobile Account, Remittances, Savings, Borrowings
Cite this article:
Dr. Priti Bakhshi, Dr. Rekha Attri , " Age-Wise Financial Inclusion in India " , International Journal of Application or Innovation in Engineering & Management (IJAIEM), Volume 9, Issue 5, May 2020 , pp. 118-126 , ISSN 2319 - 4847.
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