demonetisation

There are  variety of opinions on demonetisation . According to me the main inconvenience is our inability to draw from our own money kept with full confidence  in bank accounts of various types. We need cash for variety of purposes and some of them are very urgent and can be met with hard cash alone .  It is very annoying to go to the banks several times and spend considerable time in the queue and able to draw inadequate money to meet our needs . Even those with comfortable savings deposited with banks were reduced to penniless position overnight and this position is dragging . How long this situation will continue we do not know. The December 31^st deadline for ending the  discomforts  of the account holders doesn’t seem  to be an achievable promise. The image and the credibility of the banking system is very severely damaged . Hereafter, People will   keep lot of money at home out of psychological distress created by the present situation  and will open many accounts for the family to escape from such wretched experience . It is easy for those  living in all types comforts and facilities to preach through media , to exercise  tolerance of hardships  for some more time in national interest. I would like to ask these VVIPS, “ what type of hardships they suffered due to demonetisation in national interest”?