India, under Visionary Prime Minister Narendra Damodardas Modi’s global hegemony, is undergoing a well-ramified Perfect Transformation due to Demonetization.He in an address to the Nation, announced complete ban on use of Invalid Rs. Conclusion The Demonetization of 500 and 1,000 banknotes was a policy enacted by the Government of India on 8 November 2016, cease Demonetization is the step taken by the Prime Minister to fight against corruption and black money. India’s demonetization drive has been widely debated ever since the government's surprise announcement in early November 2016 that it would invalidate billions of 500- …

Increased Savings – As a result of demonetization, people will tend to deposit their cash in the bank rather than at home. Demonetization move has killed the very motivation of those people who have the ability to generate black money.

The return of almost all the demonetised currency to the banking system may create the false impression that the exercise was a failure, but benefits such as the ability of income tax officials to track depositors and crack down on suspicious transactions could lead to long-term benefits such as better tax compliance, said officials. The cost of currency printing is a burden on the tax payers and is one of the many disadvantages of de-monetization.

The demonetization programme has been evaluated in the context of its short-term costs and long term gains.
Lower lending rates – With currency demonetization, money moves from people to banks and financial institutions. There are many Benefits & Effects of Demonetization on common people. 1,000 Demonetized Currency Notes, which became effective on the 9 th of November 2016 for good and all. What Is Demonetization? This will help them save more.

Short term losses include loss of welfare for the low-income people and decline in GDP growth. 500.00 and Rs. Demonetisation's 7 benefits apart from failure to eradicate black money As per latest economic data released on Thursday, India's GDP growth … Thus, there is a better circulation of money.

long-term benefits of demonetization. Demonetization resulted in the decline of India’s GDP by 2 percentage points, unemployment, and various other issues, but still few are some of the important achievements of demonetization, I would like to highlight: 1. The possible benefits are as follows. On the long-term gain side, a large number of benefits are identified which will appear with time. It makes sense when benefits of demonetization are higher. Demonetization is a deep psychological strike on black money.