"I have gone to the banks to see the situation myself in the morning. People there told me that they are facing a lot of inconvenience," Rahul said outside Parliament.
Both Houses were adjourned repeatedly as the combined Opposition was unrelenting in its protest on the demonetisation issue.
Rahul said people were alleging that cash was being taken out surreptitiously from the back door in the banks for a few "selected people" while there were long queues of common people waiting outside for hours.
"They will be in the queue for three days and then they will leave (without cash). People are facing losses because of this," he said.
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On PM's remark that the country will come out like gold after this exercise, the Congress scion asked, "For whom? "and added "I feel the treasuries of the PM's own 15 or 20 people's will be filled up and their loans will be waived. Poor people those who are in the queue will only suffer losses."
On the question of PM's absence in Parliament, Rahul said "What is the need for the PM to come to Parliament? These days he is at a different level. Neither he discusses with his Ministers nor he talks to anybody. Whatever he thinks, he decides on his own.
"Such a big economic decision was taken in the history of India and he did it after talking with three-four people. There was no planning. What will happen to farmers, poor people, fisheries industries in Kerala and Bengal? He did not think of them."
Rahul also condoled the loss of lives in yesterday train accident in Uttar Pradesh and said the Prime Minister should first focus on improving safety and facilities for common man in trains, instead of planning to introduce bullet train.
"Infrastructure of Indian Railways needs to be improved. Modiji has talked of bullet train with Rs 1 lakh crore investment. The focus is at wrong place. Focus should be on how to make travelling in trains safer for the common people," he said.
"But Modiji's entire thinking is for 3000-5000 people.
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