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Abstract

Demonetization which took place on Nov 8 2016, of high value of currency notes was made to create a corruption free economy, hoarding of black money which was giving rise to Hawala transaction which was parallel financial transaction happening in the country. The impact of demonetization leading to a cashless economy was one of the major objective of the government through digital means. The introduction of cashless economy is a boon as it helps in growth and development of economy through official means. The empirical study focuses on the present effect of cashless economy and the consumer behaviour after demonetization. This study gathers data from among 100 respondents through a structured questionnaire and personal interviews have been conducted to collect the opinion on demonetization. The study shows how the day to day transactions of the consumer were effected by demonetization. The results highlights the benefits enjoyed by consumers because of cashless transactions which is the result of demonetization The study is open for further research.

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