As you are aware Government of India has demonetized Rs. 500 and Rs. 1000/- currency and placed several restrictions on cash transactions to deal with cash crunch problems as a result of it. The main restrictions are


The Government of India, demonetized the Rs. 500/- and Rs. 1,000/- currency notes in India on Nov 08 2016. This phenomenon is not new to India. Demonetization in done in 1948 and next in 1978.

Indian Currency Demonetization