Which of the following is NOT an impact of demonetization?

Increase in cash transactions

The correct answer is option 3- Increase in cash transactions.

The impact of demonetization includes an increase in bank deposits, an increase in financial savings, and a decrease in cash transactions. However, one impact that is NOT consistent with demonetization is "Increase in cash transactions." Demonetization is usually implemented to reduce reliance on cash transactions and promote digital transactions, so an increase in cash transactions would be contrary to the intended effects of demonetization.