Open Access Subscription Access
Open Access Subscription Access
Impact of Demographic Factors on Saving and Investment Patterns of Bank Employees in Aizawl
Investing is an activity that attracts people from all walks of life irrespective of their background. People turn to banks for various financial services and to seek help for saving, retirement planning, starting business, buying homes, etc. It is generally perceived that bank employees have better financial literacy in comparison to other professionals. The present paper basically attempts to identify the relationship between demographic factors of bank employees and their investment patterns. Primary data from a sample of 100 bank employees from public and private sector bank were obtained through a survey in Aizawl, Mizoram (India). The study has revealed that investment was independent of the gender, martial-status and income of the employees however family sizes of the employees have an impact on the investment.
Investment, Savings, Employees, Public Sector Bank and Private Sector Bank.
- Achar, A. (2012, August). Saving and investment behaviour of Teachers - An empirical study. International Journal of Physical and Social Sciences, 2(8), 263-286.
- Behrman, J. R., Mitchel, O. S., Soo, C. K., and Bravo, D. (2012, May). How financial literacy affects household wealth accumulation. American Economic Review, 102(3), 300-304.
- Brahmabhatt, Kumari, P., and Malekar, S. (2012). A study of investor behavior on investment avenues in Mumbai Fenil. TRANS Asian Journal of Marketing and Management Research, 1(1), 4970.
- Harikanth, D., and Pragathi, B. (2012, November). Role of behavioural finance in investment decision making - A study on select districts of Andhra Pradesh, India. Shiv Shakti International Journal in Multidisciplinary and Academic Research, 1(4), 1-15.
- Jain, D., and Mandot, N. (2012, April). Impact of demographic factors on investment decision ofn investors in Rajasthan. Journal of Arts, Science and Commerce , 3(2(3)), 81-92.
- Jeyakumari, J. J., and Soundaravalli, S. V. (2015). A study on saving and investment pattern of college teachers with reference to Thanjavur City Corporation. Intercontinental Journal of Finance Research Review, 3(9), 1-9.
- Joseph, A. L., and Prakash, M. (2014, April). A study of preferred investment avenues among the people and factors considered for investment. International Journal of Management and Commerce Innovations, 2(1), 120-129.
- Kaur, M., and Vohra, T. (2012, December). Understanding individual investor's behavior: A review of empirical evidences. Pacific Business Review International, 5(6), 10-18.
- Lewis, S., and Messy, F.-A. (2012). Financial education, savings and investments: An overview. OECD Working Paper on Finance, Insurance and Privarte Pesnsions, 22.
- Lusardi, A. (2003). Saving and investment of financial education. Pension Research Council Working Paper(PRC WP 2003-14), 143.
- Mathi, K. M., and Kungumapriya, A. (2014, July). Review of literature on investment behavior of rural investors. International Journal of Science and Research, 3(7), 351-353.
- Mohanta, G., and Debashish, S. S. (2011). A study on investment preferences among urban investors in Orissa. PRERANA Journal of Management Thoughts and Practice, 3(1), 1-17.
- Nagy, R. A., and Obenberger, R. W. (1994). Factors influencing individual investor behavior. Financial Analysts Journal, 50(4), 63-68.
- Sellapan, R., Jamuna , S., and Kavitha , T. (2013). Investment attitude of women towards different sources of securities - A factor analysis approach. Global Journal of Management and Business Research, 13(3), 26-30.
- Sultana, S. T., and Pardhasaradhi, S. (2012). An empirical analysis of factors influencing Indian individual equity investors' decision maming and behavior. European Journal of Business and Management, 4(18), 50-61.
- Wubie, A. W., Dibabe, T. M., and Wondmagegn, G. A. (2015). The influence of demographic factors on saving and investment decision of high school teachers in Ethiopia: A case study on Dangila Woreda. Research Journal of Finance and Accounting, 6(9), 64-68.
Abstract Views: 40
PDF Views: 0