A Study on the Impact of Demonetization among the General Public in Coimbatore City

Demonetization is a situation where the Central Bank of the country (Reserve Bank in India) withdraws the old currency notes of certain denomination as an official mode of payment. The main objective of the study is to evaluate the impact of demonetization among the general public in Coimbatore city. For this purpose a sample of 150 was collected from general public were percentage analysis, chi-square and rank correlation were used as statistical tools to analyse the data. The conclusion is that the general public was satisfied towards the demonetization process but the study revealed that they were effected a lot due to demonetization. For this more economic reforms should be carried out to enrich the GDP growth rate in future.