RBI May Remove Weekly Withdrawal Limit From Savings Bank Accounts

The Reserve Bank of India or RBI is likely to remove the restrictions on cash withdrawals from savings accounts soon. "Remonetisation exercise is nearly complete," Economic Affairs Secretary Shaktikanta Das told PTI. Currently only an amount of Rs 24,000 can be withdrawn from savings accounts. Last week the RBI had removed withdrawal limits from current accounts and ATMs or automated teller machines.The RBI had initially set a cash w...