It's sad to see this as top comment. Banks have low funds, so you force the public to return their own cash. That doesn't solve the underlying problem of NPAs

It's sad to see this as top comment. Banks have low funds, so you force the public to return their own cash. That doesn't solve the underlying problem of NPAs and public banks not being managed properly. Also, FYI, RBI recently reported the cash in circulation right now is more than it was before the demo. Increase in tax collection is great, but it's due to GST, let's not give credit to demo for that. Yes it did some good, definitely, but have you seen how bad the situation got. I'm not sure if you've lived in a tier 3 city during the demo times but I've seen the plight of people. It was ridiculously stupid to just ban cash in an 80% cash society where majority of the small businesses (who bring in >30% of tax revenue) depend on cash. People died, lakhs of businesses shut down, multiple factories shut down where they depended on cash to pay daily wages. Lakhs of jobs lost. GDP taking a solid 2% dive. So you're saying all this was worth it? Ground realities are very different from what your comment portrays.