Indians lined up outside banks across the country on the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.
Prime Minister Narendra Modi last month said 500 and 1,000 bank notes would cease to be legal tender after December 30, disrupting the lives of hundreds of millions.
Modi government promised to end the chaos and restore normality in 50 days.
But analysts said the impact would last at least six more months, with concerns about lower economic growth, job losses and a fall in demand for goods.
Jobs have been hit post the demonetization move, especially in the informal sector, where most poor people work.
The informal sector accounts for 20 percent of gross domestic product and more than 85 percent of total employment.