• RAMESH PULIVARTHI

The Prime Minister of India Sri. Narendra Modi announced Demonetization policy on 8th November, 2016, ceasing Rs.500 and Rs. 1000 currency notes as a part of legal tender in India. Up to now 2 years completed form 2016-2018. In the middle of the years physical changing of Rs.200 notes, Rs.50 notes and 10 notes also implemented. All for this RBI prepared Commercial banks for such an eventuality. The researcher expresses the positive sign in the present and future benefits regarding Demonetization in India. This move viable for a nation like India where a quarter of its population, after the JAM [Jan Dhan, Aadhar and Mobile Technology] passed successfully. Most of the Business persons realize the positive impact on their business they will continue to sell against cards and not for cash. Presently, the Government of India is attributing Demonetization to encourage Digital Transactions, which is very difficult to create cashless society as nearly 70% of Indian population is not inculcating into their daily life. Some of the problems like illiteracy fear of cybercrimes and so on. Key words: Physical changing, future benefits, Illiteracy,  Introduction  Objective of the study  Research Methodology  Objective of Demonetization  Black Money • Single black • Double black • Sources of black money • India position in the world in black money [statistical analysis]  Terror Financing  Corruption  Cash Alternatives • Cards • POSM [Point of Sales Machine] • Electronic Wallets • UPI [Unified Payments interface] • USSD [Unstructured supplementary Service Data] • AEPS [Aadhar Enabled payment system]  Challenges to Achieve  Conclusion  References

Key words: Physical changing, future benefits, Illiteracy,

" Strengthen the Indian economy through Cashless transactions and Dream to cashless society", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.187-189, January-2019, Available :http://www.jetir.org/papers/JETIR1901425.pdf

" Strengthen the Indian economy through Cashless transactions and Dream to cashless society", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp187-189, January-2019, Available at : http://www.jetir.org/papers/JETIR1901425.pdf