Vol. 3, Issue 7, Part L (2017)

Abstract
Demonetization is the act of stripping a currency unit of its status as legal tender. demonetization represents much more than destabilization. Demonetization is the tool of government to eliminate the currency. This paper tells about how demonetization effects on businessman, shopkeeper, retailer etc. and with lack of money how consumer pay without cash and digital payment, internet banking.