Critical Analysis of Cash Less Management Models for Cash less Economy

The currency dominated economy transmitting in to cashless economy, for this mobile wallet, plastic money, net banking and digital transactions used as a modes of cashless economy. All the cashless transactions comprises of the closed, semi closed and open for the transactions .The central government as well as state government along with the cabinet also had taken various measures to pay the wages in cashless form. It is suggested that operationalization of opened bank accounts, impose taxes on ATM withdrawals, rebates for electronic payments, create a faith in financial system, consideration of various modes of payment, concentrate on restrictive practices, efforts to be taken for convert urban areas in to rural areas, urban areas in to cashless areas, enables an awareness of cashless economy, reduce the corruption, mandatory of PAN number , promote mobile banking, enable swapping machines by the small shopkeepers, develop the web site in local languages and look after the issue of street vendors.