While the top metros are displaying signs of saturation, industry executives said that card transactions in towns with populations of up to 1 million have doubled in the two years since demonetisation.

\"It is a protest against failed demonetisation of Modi government where common people of the nation suffered its grave consequences,\" says the Congress.

Before the official announcement by PM Modi, the RBI's Central Board, in its meeting had differed with the government's claim that the note ban would curb black money circulation, citing that most cash was in the form of real estate.