No limit on cash withdrawal from March 13: RBI

  • No limit on cash withdrawal from March 13: RBI
08-02-2017 | Pratidin Bureau. |

The Reserve Bank of India (RBI) on Wednesday said the limit on cash withdrawal from savings bank accounts will be removed in two stages. The weekly withdrawal limit will be increased to Rs 50,000 from the current Rs 24,000 from 20 February in the first stage and then completely removed from 13 March.
The central bank in cognizance with the government had imposed cash withdrawal limits from ATMs and banks, to ensure, they said, equal distribution of cash amongst the public at a time when there was a severe cash crunch going on in the aftermath of demonetization.

Tags : cash withdrawal RBI


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