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So the huge money in the form of 500 and 1000 rupees of currency is now the past. Unless it is legitimate and you can afford to answer to the government about the cash you have in form of banned currency, you have bad news.
The step has taken everyone by surprise. Service class was the happiest class as they have everything in white and as it was already 8th of the month, their accounts already had begun to dry out. So, those who work hard to meet their ends could believe that the black money holders and corrupts people will finally come down to earth and might even go bankrupt totally.
As People flocked to social media and praised the government for this bold step, little did they know that coming days would be difficult to tackle. But, you can't blame the Prime Minister as every big step needs some cooperation and this time the patience of facing queues which at times would never end was needed.
For home expenses, people generally keep a cash between 2000-10000 at home which can easily be exchanged at any bank. If you have a car, you can use at least 2000 in form of fuel easily to reduce the amount of obsolete currency, rest can be deposited into the bank.
There are cases of suicides or heart attacks and people who had stacked bundles of these notes in their houses now only have papers that they can't even sell to scrap collector. Well, such people though never had thought that suddenly this would happen but you cannot sympathize with them. Cheating in any form at any level is unacceptable and perhaps this is why even those who have got their world shaken upside down are smiling and praising the PM. what else can they do?
So those who had amassed illegal wealth in form of cash needed this lesson. In fact this is end of their books. Now, they can't afford to amass wealth in any case as the fear of getting new higher denomination currency banned would hang on their head.
The penalty for declaring the unaccounted money is whooping and people are looking around for other options for the consumption. Still the small savings done by housewives and kids is getting into the economy which is only empowering the value of money.
Despite all the inconvenience, at least innocent and honest people are welcoming the step. There is little known about what impact this move will have on economy in coming weeks but of course the rich but corrupt neighbour will now be looking to work honestly.
The fact is that no one is saying that they do not like the step but yes, things could have been better prepared. Facilities like temporary ATMs, extra bank counters, and extension of old currency at facilities like limited grocery or fuel could have been better.

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