diff --git a/app/models/transaction.rb b/app/models/transaction.rb
index 32ccdcd5..ccbf139e 100644
--- a/app/models/transaction.rb
+++ b/app/models/transaction.rb
@@ -17,7 +17,7 @@ class Transaction < ApplicationRecord
   def sluggables = [recipe_no]
 
   # * Enums
-  enum :mode, MODES
+  enum mode: MODES
 
   # * Scopes
   scope :that_occured_on, ->(date) { where(date: date) }
diff --git a/app/views/transactions/_form.html.erb b/app/views/transactions/_form.html.erb
index 61f4e72a..c7901383 100644
--- a/app/views/transactions/_form.html.erb
+++ b/app/views/transactions/_form.html.erb
@@ -3,7 +3,11 @@
     <%= f.error_notification %>
     <%= f.input :recipe_no %>
     <%= f.input :amount, hint: "Amount shouldn't be greater than: ₹#{total_balance}" %>
-    <%= f.input :mode, collection: MODES.map { [_1.capitalize, _1] }, as: :radio_buttons %>
+    <% if action_name == "edit" %>
+      <%= f.input :mode, collection: MODES.keys.map { [_1.capitalize, _1] }, as: :radio_buttons %>
+    <% else %>
+      <%= f.input :mode, input_html: {checked: false}, collection: MODES.keys.map { [_1.capitalize, _1] }, as: :radio_buttons %>
+    <% end %>
     <%= f.input :date, order: %i[day month year] %>
     <%= f.button :submit, action_name: %>
   <% end %>
diff --git a/config/initializers/constant.rb b/config/initializers/constant.rb
index 86a1f086..b52a912f 100644
--- a/config/initializers/constant.rb
+++ b/config/initializers/constant.rb
@@ -13,7 +13,12 @@
   large: "Large"
 }
 
-MODES = %i[cash cheque bank]
+MODES = {
+  cash: "Cash",
+  cheque: "Cheque",
+  bank: "Bank"
+}
+
 ROLES = %w[admin member viewer]
 CURR_YR = 2022
 PREV_YR = CURR_YR - 1
diff --git a/db/migrate/20231230171413_replace_mode_integer_with_mode_enum_type_in_transaction.rb b/db/migrate/20231230171413_replace_mode_integer_with_mode_enum_type_in_transaction.rb
new file mode 100644
index 00000000..3bb13675
--- /dev/null
+++ b/db/migrate/20231230171413_replace_mode_integer_with_mode_enum_type_in_transaction.rb
@@ -0,0 +1,29 @@
+class ReplaceModeIntegerWithModeEnumTypeInTransaction < ActiveRecord::Migration[7.1]
+  def change
+    modes = %w[Cash Cheque Bank]
+    create_enum :modes, modes
+
+    add_column :transactions, :mode_enum, :enum, enum_type: :modes, default: "Cash", null: false
+
+    reversible do |direction|
+      # rubocop:disable Rails/SkipsModelValidations
+      direction.up do
+        modes.each_with_index do |mode, i|
+          Transaction.where(mode: i).update_all(mode_enum: mode)
+        end
+      end
+
+      direction.down do
+        modes.each_with_index do |mode, i|
+          Transaction.where(mode_enum: mode).update_all(mode: i)
+        end
+        # make sure to update the MODES constant value in order to access the 'mode' data
+        # MODES = %i[cash cheque bank]
+      end
+      # rubocop:enable Rails/SkipsModelValidations
+    end
+
+    remove_column :transactions, :mode, :integer
+    rename_column :transactions, :mode_enum, :mode
+  end
+end
diff --git a/db/schema.rb b/db/schema.rb
index 1e8c37c5..fa6df687 100644
--- a/db/schema.rb
+++ b/db/schema.rb
@@ -10,13 +10,14 @@
 #
 # It's strongly recommended that you check this file into your version control system.
 
-ActiveRecord::Schema[7.1].define(version: 2023_12_30_135852) do
+ActiveRecord::Schema[7.1].define(version: 2023_12_30_171413) do
   # These are extensions that must be enabled in order to support this database
   enable_extension "plpgsql"
 
   # Custom types defined in this database.
   # Note that some types may not work with other database engines. Be careful if changing database.
   create_enum "apartments", ["Mohammedi", "Taiyebi", "Burhani", "Maimoon A", "Maimoon B"]
+  create_enum "modes", ["Cash", "Cheque", "Bank"]
   create_enum "sizes", ["Small", "Medium", "Large"]
 
   create_table "friendly_id_slugs", force: :cascade do |t|
@@ -71,12 +72,12 @@
   create_table "transactions", force: :cascade do |t|
     t.bigint "thaali_id", null: false
     t.integer "recipe_no", null: false
-    t.integer "mode", null: false
     t.integer "amount", null: false
     t.date "date", null: false
     t.string "slug", null: false
     t.datetime "created_at", null: false
     t.datetime "updated_at", null: false
+    t.enum "mode", default: "Cash", null: false, enum_type: "modes"
     t.index ["recipe_no"], name: "index_transactions_on_recipe_no", unique: true
     t.index ["slug"], name: "index_transactions_on_slug", unique: true
     t.index ["thaali_id"], name: "index_transactions_on_thaali_id"
diff --git a/db/seeds.rb b/db/seeds.rb
index c1ddd195..92eb1e80 100644
--- a/db/seeds.rb
+++ b/db/seeds.rb
@@ -33,7 +33,7 @@
       amount: 4000,
       date: Faker::Date.in_date_period(year: PREV_YR),
       recipe_no: Random.rand(1..2000000),
-      mode: MODES.sample
+      mode: MODES.keys.sample
     )
   end
 end
@@ -48,7 +48,7 @@
       amount: 4000,
       date: Faker::Date.in_date_period(year: PREV_YR),
       recipe_no: Random.rand(2000001..3000000),
-      mode: MODES.sample
+      mode: MODES.keys.sample
     )
   end
 end
@@ -75,7 +75,7 @@
         amount: 5000,
         date: Faker::Date.in_date_period(year: CURR_YR),
         recipe_no: Random.rand(3000001..6000000),
-        mode: MODES.sample
+        mode: MODES.keys.sample
       )
     end
   end
@@ -91,7 +91,7 @@
       amount: 5000,
       date: Faker::Date.in_date_period(year: CURR_YR),
       recipe_no: Random.rand(6000000..10000000),
-      mode: MODES.sample
+      mode: MODES.keys.sample
     )
   end
 end
diff --git a/spec/factories/transactions.rb b/spec/factories/transactions.rb
index d7582438..f55dc0dd 100644
--- a/spec/factories/transactions.rb
+++ b/spec/factories/transactions.rb
@@ -6,7 +6,7 @@
     amount { Faker::Number.number(digits: 4) }
     date { Faker::Date.backward }
     recipe_no { Random.rand(1000..100000) }
-    sequence :mode, MODES.cycle
+    sequence :mode, MODES.keys.cycle
 
     factory :cleared_transaction, traits: [:cleared]
     factory :today_transaction, traits: [:today]
diff --git a/spec/features/transactions/new_spec.rb b/spec/features/transactions/new_spec.rb
index 52aefde3..e98be2dd 100644
--- a/spec/features/transactions/new_spec.rb
+++ b/spec/features/transactions/new_spec.rb
@@ -24,7 +24,7 @@
       let(:new_transaction) { Transaction.last }
 
       before do
-        choose MODES.sample.capitalize
+        choose MODES.values.sample
         click_button "Create Transaction"
       end
 
diff --git a/spec/models/transaction_spec.rb b/spec/models/transaction_spec.rb
index 78b194e6..1fa11e54 100644
--- a/spec/models/transaction_spec.rb
+++ b/spec/models/transaction_spec.rb
@@ -13,10 +13,9 @@
 
   context "when validating" do
     context "with mode" do
-      let(:mode_of_payments) { %i[cash cheque bank] }
-
       it { is_expected.to validate_presence_of(:mode).with_message("selection is required") }
-      it { is_expected.to define_enum_for(:mode).with_values(mode_of_payments) }
+
+      it { is_expected.to define_enum_for(:mode).with_values(MODES).backed_by_column_of_type(:enum) }
     end
 
     context "with amount" do