DEMONETISATION?• Act of stripping

a currency unit of its status as legal tender.

• Necessary whenever there is a change of national currency.

• The old unit of currency must be retired and replaced with a new currency unit.

Why? • Cash hoarding• Fake currency• Undeclared

income• Illegal activities

1. Terrorism2. Drug trade3. Corruption

CASH HOARDING FAKE CURRENCY

UNDECLARED INCOME DRUG

TERRORISM CORRUPTION

What to do with old notes? • Exchange them

1. Voter ID2. Aadhar card etc.• Deposit them (Bank)• Use them1. Petrol pump2. Hospitals etc.

IMPACT OF DEMONETISATION:

BLACK MONEY GDP

MARKET IMPACT

IMPACT (+ve)

Traceability

Bring more money

Reset the black money clock

Reset the fake money

IMPACT (-ve)

Housing finance companies

Jewellery companies

Consumption sector

Real estate

Gold, silver etc.

Railway bookings

Dumping Donations

Exchange business

SOME OF THE WAYS OF TACKLING:

Assurance given by PM Modi ?

Are people supporting the bold

move?

REACTIONS ON SOCIAL MEDIA:

ATM

Withdrawal

Deposit

• Limit 2000/-• Limit 2500/- (upcoming)

• 2.5 Lakhs ( marriage)• 20000 (weekly before 14th NOV.)• 24000 through cheque (weekly

after 14th NOV.)• From CC 50000 (weekly)• 25000 (upcoming)

• No limit

• Separate queues for Senior Citizens and Divyang persons, customers with accounts in the Bank and for customers for exchange of notes.

• *Business entities-Current account-since last 3 months-50000/-• *Framers weekly limit 25000/-

CONCLUSION:

Thank You!

- AASHI MEHTA- SHRUTI AGRAWAL