• Dr. Pardeep Kumar Duhan

The demonetization policy of Government of India (GOI) is the current and hot topic of discussion in newspapers, magazines, research papers, articles, books, journals etc. Government decided to demonetize the high-denomination notes i.e. 500 and 1000 Rupees notes, this step has been declared as a master stroke for the Indian economy. Demonetization was done as a positive step towards economic development of Indian economy. There are various advantages and disadvantages of the demonetization policy. There are also multiple reasons why a country demonetizes its currency i.e. to check the inflation, to curb the corruption, for transparency and to promote the cashless transactions. The present study explains the impact of demonetization, its positive and negative effect on our economy.

Demonetization, cashless transactions, ATM (Automated Teller Machine), NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement).

"Impact of Demonetization on Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 1, page no.884-888, January 2018, Available :http://www.jetir.org/papers/JETIR1801176.pdf

"Impact of Demonetization on Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 1, page no. pp884-888, January 2018, Available at : http://www.jetir.org/papers/JETIR1801176.pdf