Vol. 2, Issue 12, Part H (2016)

Abstract
On 8^th November 2016, the Demonetisation of Rs. 500 and Rs 1,000 currency denominations was taken by the Government of India. This is because of corruption and black money is the major obstacles in our country. In short, demonetisation refers to deprive of value for official payment. After demonetisation the Prime Minister of India Shri Narendar Modi need India to be as cashless society. As a result of it, the various incentives have been taken by government of India to select the digital payment mode and enhance in the users of it. Digital payment refers any payment that exists purely in electronic form. This paper studies on the incentives which are taken by the government after demonetisation in India. At the last of this paper the study reveals that, the users of digital payment has been increased rapidly after demonetisation.