The decision for the demonetisation of Rs 500 and Rs 1000 notes taken by the Narendra Modi Government was a landmark step in Independent India. Sri Modi announced the bank w.e.f. 8^th November 2016, to effectively control black money. This sudden move had also affected the subversive activities of the infiltrations aided by the Pakistan Government.

The main objective of the move was to prevent cash hoarding and to bring black money into circulation and punish those who are not paying their taxes property. Unfortunately, this resulted in a lot of problems for the common man. There were not enough new notes available and banks were not capable of handling this sudden work pressure and cash crunch.

They were doling out new notes for limited value only. Public could withdraw only 2,000/-. many businesses also suffered. Small vendors were the worst hit. But gradually things have become normal, this is a good move for the future financial stability of the country.