Question
What are the main impacts of demonetisation?

Answer

S. No.    
1. Money/ Interest Rates i. Decline in cash transactions.
ii. Bank deposits increased.
iii. Increase in financial savings.
2. Private Wealth Declined since some high demonetised notes were not returned and real estate prices fell.
3. Public Sector Wealth No effect.
4. Digitisation Digital transactions amongst new users (Ru-Pay/ AEPS) increased.
5. Real Estate Prices declined.
6. Tax Collection Rise in income tax collection because of increased disclosure.

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