Demonetisation proved to be a major disruption in the Indian economy and brought great hardship to people who spent hours in the serpentine queue to get Rs 500 and Rs 1,000 notes exchanged or deposited in their bank accounts.
Later, Reserve Bank of India (RBI) said in its Annual Report for 2016-17 that 99 per cent of the junked Rs 500 and 1,000 notes were returned to the banking system. This led many, including Opposition leaders. questioning the very logic of demonetisation.