Abstract :
Demonetization is the bold step of Government towards economic development of India. Demonetization policy is most discussed topic in every corner of India during the eve of 2016. The primary objective of demonetization is to curb black money. The process of Curbing Black Money through Demonetization has made it mandatory to all the India citizens to deposit their old currency
in the banks and exchange them for a new currency. On November 8, 2016, Prime Minister Narendra Modi announced the demonetization of Rs 500 and Rs 1,000 notes to combat the evil of unaccounted money that constituted the „black money‟ in India. This compelled Indian citizens to exchange their notes through the formal banking system, which led to the creation of a large number of new accounts or made previously dormant accounts active again. It also encouraged Indian citizens to take up digital payment options. Demonetization had the impact on every field of the economy. The present paper is intended to study the “Advantage and Disadvantage of Demonetization: A case Study Vijayapura City, Karnataka State.†It is based on
both primary as well as secondary data which is collected from a field survey and various research papers, reference books related to
Demonetization, magazines, and articles, from multiple journals and based on referred sources published, unpublished and electronic. This study is
intended to offer suitable suggestions based on findings found during the study
Keyword :
Demonetization, black money