Business »  Topic »  Irregular cash flows, flexibility in tenure make Bharat rely on informal mechanisms for saving money: Survey

Irregular cash flows, flexibility in tenure make Bharat rely on informal mechanisms for saving money: Survey


Being reluctant to use formal mechanisms due to irregular cash flows and facing lack of accessibility and tech-savviness, a majority of low-income group people rely on informal mechanisms for saving money for their future needs.

The study also revealed that the low income group cohort prioritized flexibility, security, trust and ease of use over return on investment while choosing their savings product.

Being reluctant to use formal mechanisms due to irregular cash flows and facing lack of accessibility and tech-savviness, a majority of low-income group people rely on informal mechanisms for saving money for their future needs. This fact was ...


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