The Government of India announced the demonetization of all Rs 500 and Rs 1,000 paper money of the Mahatma Gandhi Series On 8 November 2016,. The government claim that the action would stop the shadow (process of people making, selling, and buying things) and crack down on the use of illegal and (make fake money or goods) cash to fund illegal activity and terrorism. The sudden nature of the announcement and the lengthy cash shortages in the weeks that followed has created noteworthy disruption throughout the (process of people making, selling, and buying things), threatening money-based output. The move was heavily criticized as poorly planned and unfair, and was met with protests, lawsuits, and strikes. The purpose of this paper is to describe the changes that are happening in Indian Banking and related to managing money part/area as a hit/effect of demonetization. In trying to (ask lots of questions about/try to find the truth about) factors which may account for never-before-seen change, this study raises the pro's and con's of currency demonetization in different (related to managing money) Banking parts/areas. Data were collected through surveys that were mailed out to no. of people (who were part of a study, etc.) in Hyderabad. People (who were part of a study, etc.) in the study completed the survey (without revealing his/her name) and filled out a separate permission-related form. People who responded have appointments in a variety of departments, including Banking, Finance, Capital markets and Insurance parts/areas. People who responded were from variety of (related to managing money) Institutions from both private and public institutions, the majority being research oriented. To protect the (not knowing or telling someone's name) of the people who responded, we are not capable to list the institutions here or to further identify them. Secondary Data is collected from Internet and Newspapers. With the centre's decision to throw out/cancel old currency notes of Rs 500 and Rs 1,000 on November 8, 2016, the (related to managing money) part/area is now supporting structure itself to deal with the move's hit/effect. Experts say that it is a good move as it will bring more formal money in the (related to managing money) part/area.