A Study on Awareness about Digital Financial Services among Students

Abstract

Utilization of Digitalization financial services increases the level of financial literacy and financial inclusion of people in the economy. Keeping in view the above objective the main aim of this study is to find out the level of awareness among students of higher educational institutes about digital financial services in Delhi. The study has a national importance to increase financial literacy. To collect the responses from students including male and female (both) of higher educational institutes a questionnaire based survey was conducted. In total 210 usable responses were collected. Data were analysed using parametric test. The result shows there is a significance difference between the awareness about digital financial services among male and female students of higher educational institutes. The significance differences about Awareness have also been found on the basis of stream of study, business and non-business. However no significant differences have been found on the basis of their Age and Qualification. The study limits to students of Higher Educational Institutes. Further only Delhi region has been covered under the study. The findings will be valuable for the policy makers about digital financial inclusion and increasing financial literacy.