Plastic Money-A Boon or A Bane Hooda Neeti Masters in Commerce, M.D.U, Rohtak Online published on 4 August, 2018. Abstract This paper provides the detailed overview regarding concept of plastic money. The concept came into force with the exponential growth in the field of technology. It is considered as one of the most innovative concept and convenient mode for the payment of goods and services. Before the advent of plastic money, large number of financial transactions was carried on with money. But today is the era of smart cards which has revolutionized the imagination of common man. Economists also advocate using this concept due to its feasibility and multiplicity of advantages. With the introduction of E-Banking due to improvement in technology, the role of money got completely changed in contrast to early stages of human life. Thus, Plastic money also known as polymer money is a generic term which includes debit cards, credit cards, ATM and smart cards. The growth of plastic money in India gained popularity in last few years. The arrival of malls, multiplexes, online shopping stores and shopping complexes have contributed a lot to the growth of plastic money. This paper focuses on how the term came into existence, what are its types, will it be helpful for a common man or not and what is its future scenario in terms of conclusion. An attempt has been made to study the changing attitude of consumers towards plastic money. The methodology that will be adopted to carry on the research process would consist of primary and secondary data. Primary data will be collected in the form of initial survey that would be done by filling up a questionnaire and representing the results in the form of graphs, pie-charts, bar-graphs, Histogram etc. Top Keywords Plastic money, E-Banking, generic, smart cards. Top |