While the Centre's decision to demonetise Rs500 and Rs1000 notes left people panicky as they were rendered cashless, the Twiterrati had its share of light moment over the move and its possible after-effects.
Noted author Chetan Bhagat tweeted, "ladies and Gentlemen, cash, is the new trash". "Vijay Mallya called SBI: I am ready to return all my debts but only in cash of 500 and 1,000 notes," Givind Mishra, a twitter user said.
Another user said, "Rs500 and Rs1,000 notes are now banned. It's time we guys buy handbags instead of wallets".
"People are still waiting for Modiji to say "this Rs500 and Rs1,000 thing was a prank and subscribe to my new YouTube channel," Geetam Srivastava tweeted.
Ritika Nathani said, "The smog in Delhi is due to people who burnt their #BlackMoney after old Rs500 and Rs1,000 notes were banned by Modiji".
"First time in the history of Indian politics...All parties are united for one common cause...Counting 500 & 1,000 notes #BlackMoney," said another tweet.
Images of Rs500 and Rs1,000 notes being used as hand tissues, toilet paper and cattle fodder also went viral on social media where users also poked fun at how traffic police will deal with violators who will pay fine with Rs500 and Rs1,000 notes.
Another twitterati wrote, " 500 ka change koi nahi deta tha, 2,000 ka change ab kaun dega," (previously we would not get change for Rs500, how will we get change for Rs2,000 now).
Also, people took to Facebook to comment on the PM's move. "When I searched 500 rupee and 1,000 rupee denominations at my home, I found only three hundred rupees in total. I don't know where should I send it," wrote Manish Chowdhury, a Delhi University student, in a sarcastic tone as his Facebook timeline.
Chowdhury went further by putting up one more status update where he uploaded images of 500 rupee and a 1000 rupee note and wrote " Only 90's kids will remember these,"
"Terrorists are terrorised. Wonder how terror will be funded now #PM return with surgical strike," wrote Ashish Tripathy, an online journalist on his wall. Facebook users were busy commenting the entire day on other people's status updates and also busy on their updates.
Pradeep Jain, a businessman put up his status update as "The affect of PM Modi's announcement will have great impact but the effect will trickle down slowly."