Digital financial literacy, saving and investment behaviour in India

Mansi Yadav () and Priyanka Banerji ()
Additional contact information
Mansi Yadav: The NorthCap University
Priyanka Banerji: The NorthCap University

Journal of Social and Economic Development, 2025, vol. 27, issue 2, No 7, 489-507

Abstract: Abstract This research examines the association between Digital Financial Literacy (DFL), Saving Behaviour, and Investment Behaviour, and investigates the impact of DFL on Saving and Investment Behaviours among individuals in Delhi NCR, India. Data were collected from 500 respondents aged 24–45 through a questionnaire, and the relationships between variables were evaluated using the Structural Equation Model (SEM) with AMOS. Findings revealed that higher levels of DFL significantly favor both Saving and Investment Behaviours. Additionally, the study indicated that socioeconomic factors, such as income, positively influence DFL, while age and educational level do not. This research maps the prevalence of DFL among Indians and contributes to the limited body of knowledge on DFL, especially in the Indian context. However, the focus on Delhi NCR participants suggests caution in generalizing the results to broader populations. The findings from this research are anticipated to help policymakers develop targeted regulations that enhance Digital Financial Literacy (DFL) for younger generations, focusing on their unique needs and challenges in the digital financial environment.

Keywords: Digital; Financial literacy; Saving; Investment; Financial technology (FinTech); Behaviour (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40847-024-00367-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jsecdv:v:27:y:2025:i:2:d:10.1007_s40847-024-00367-z

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40847

DOI: 10.1007/s40847-024-00367-z

Access Statistics for this article

Journal of Social and Economic Development is currently edited by M.G. Chandrakanth, D. Rajasekhar, Anand Inbanathan and S. Madheswaran

More articles in Journal of Social and Economic Development from Springer, Institute for Social and Economic Change
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().