One year of demonetisation: Why note ban was biggest shocker for Indians in a decade

For some, a friendly banker meant a shorter wait; the privileged ones managed things from the comfort of their homes or offices

The government’s move to demonetise high-value currency, announced on November 8, 2016, was meant to root out unaccounted wealth, stem terror financing and curb counterfeiting. Looking at the last one year,  did demonetisation achieve the objective it was meant to? Has corruption come down post the note ban? This author decodes 

Demonetisation, unleashed on Indian citizens on November 8, 2016, will probably go down as the biggest shocker for them in a decade. As the dramatic late-evening announcement by Prime Minister Narendra Modi started sinking in,  the bank and bank managers suddenly became the most important entities in our lives.