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Abstract
Today all the countries of the world are inclining towards cashless transactions due to the lots of benefits of cashless transactions to economy. A wave of cashless society is in progress across the globe in recent years. Indian government is also trying hard to become a cashless society. On 8th Nov. 2016 Prime Minister of India Mr. Narendra Modi announced ban of big notes. The step was taken to curb black money and to become cashless economy.