A STUDY ON THE LEVEL OF CUSTOMERAWARENESS ON THE USAGE OF DEBITCARDSINTRODUCTION
Banks play an important role in the economic developmentof the country. It is often said that banker is one who dealswith other people·s money. The term banking has beenuinderstood differently by different people at different times.The main function of banks is to accept deposits from thepublic and lend money to the public. The bank receivesdeposits from the public and lend money to the public.The bank receives deposits from the public by way of timedeposits and demand deposits. When deposits are received,the bank should pay interest at the rate prescribed by theRBI. Similarly the bank lends money to the public as loans.When money is lended, the bank would receive interest atthe rate prescribed by the RBI.Since the past couple of decades, banking sector hasevovled in such a way that it has surpassed its basic natureand is almost a vital centre for all financial affairs that takesplace in an economy.