Published Paper Details:

The main aim of the research is to know the effect of demonetization on the banking sector. Demonetization is a tool to battle inflation, black money, corruption and demoralize a money subordinate economy and help exchange. The approach of the legislature by restricting RS. 500, RS 1000 and RS. 2000 cash notes have affected all the sides of the economy. Its impact on the banking sector is critical. The bank employees suffered a lot due to demonetization as there was a stressed work pressure on employees over time. The customers faced inconvenience due to demonetization near banks and ATMs as there were no replaced denomination notes. Cash crunch was seen. This has shown positive impact on the banking sector. Due to this there was increase in deposits in banks. Demonetization has shown positive as well as negative impact in Indian market. Data was collected from 150 bank employees through questionnaire. Data were analysed using tools like descriptive statistics, and Chi–square Test. The study finds out that the majority of respondents there were changes, pre-demonetization and post demonetization. They said that they faced inconvenience due demonetization. They opinioned that there is no change in the black money, corruption, demonetization has shown minimal impact on it. The result of the analysis indicated that 68.8% of the bank employees supported the positive impact of demonetization.