Advantages of demonetisation 500 rupee notes

Advantages of demonetization

Advantages of demonetization 500 rupee note: The government of India had taken a Historical decision of demonetizing the 500 and 1000 rupee notes in India. This will really effect the economy and the common man too.

Very soon it will be clear that how people of India will react to the decision of benefits and demerits of demonetizing of 500 and 1000 rupee notes.

Yes, there are many demerits & advantages of demonetization of 500 and 1000 rupee note.

Main Advantages of demonetization of the 500 & 1000 Rs Notes:

  • It will help to control the Black money to a Little extent. But what with the Black Money that Lies in Property and Gold.
  • It will help to stop the funding of Terrorist. This is wow demonetization advantages.
  • It will totally clear the Fake currency from India Now.
  • This will also make sure to circulate all your money of 500 and 1000 note to Bank.
  • This will also make tendency of using Plastic Money which makes an economy better.
  • People will now Open Bank Accounts and also make Identity cards. This is the Biggest Advantage of Demonetization In India.
  • All Black money will come Out from the treasure.
  • This will narrow the Gap of Rich and Poor with very little extent.
  • Apart from this advantages of new notes are that this will clear all waste notes from the system.

Advantages of demonetization of  Currency notes will be more in the economy in coming days but there are more disadvantages of Demonetization these days.

Indian Government is going to take all the required steps to facilitate you like free tools, notes acceptable in few areas and others. effect of the same will be seen after 50 days when there will be proper cash in the market. the government is allocating New 500 and 2000 rupee note in the market.

People are often discussing what are the benefits of new currency in India, what are the benefits of new 2000 rupee notes in a system. The biggest advantages of demonetization are that all black marketer is in Fear.

What you must Know after 500 and 1000 rupee note scrapped is an Important Point. This is already discussed and more Information can be available on comments.

Also read

Disadvantages of Demonetise of 500 & 1000 rupee note

Impact, pros, and cons of demonetization

6 thoughts on “Advantages of demonetisation 500 rupee notes”

  1. yaaa surely this plan will abonded the black money and prevent corrupion but what situation will came on small vendors?? if their small business is going on small amount as compaired to big business?

  2. Cashless country is great concept we support you Mr. Modi but what of small vendors? Acceptance of this requires a lot of capital so its risk n only Modi can take this n get success so all the best n let's see what happens

  3. 75%+ India lives in villages…I have seen villages without cash…without food … Don't know why the decision has taken ..what is the root cause that really to fight against curruption or support the millionaires… The action should have been taken only for black money holder and without effecting below poverty or village natives … It's not a bold step. . It's just a safe step be in good position in everyones eye and put all Indian in cash problem … Be supports ..don't be bhakt … Understand the difference … My innocent Citizens ..:)

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