ASSESSMENT OF DEMONETISATION , IT’S MATHEMATICAL ANALYSIS AND IMPACT ON THE WHOLE FINANCIAL SYSTEM, TAKING A STEP ON THE ROAD TO DIGITAL TREASURE HUNT IN INDIA.

Taking the nation by surprise, Indian Government on 8th November,2017 announced demonetisation of Rs1000 and Rs 500 notes with effect from the midnight, making these notes invalid and the move was aimed at cracking down on the shadow economy.The immediate effect of the move brought the entire financial system to halt, hitting the large sections of the economy hard.The noble move by the government was indeed to control the counterfeit currency.This paper is based on the secondary data which was collected from various sources like published journals,articles,magazines and it elucidates the impact of such a move on the different sectors of the financial system.