BusinessReserve Bank Of India Lifts ATM Cash Withdrawal Limits From Wednesday
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Reserve Bank Of India Lifts ATM Cash Withdrawal Limits From Wednesday
Current Account holders can now withdraw any amount on a daily basis
No limits on cash withdrawals through ATMs from February 1
Saving Accounts still face the limit of Rs 24,000 per week
The weekly withdrawal limit from savings accounts remains Rs 24,000.
The Reserve Bank of India or RBI today said it will remove curbs on daily cash withdrawals from ATMs or automated teller machines from Wednesday, February 1. It has also lifted with immediate effect, it said, restrictions on withdrawal from current accounts, cash credit accounts and overdraft accounts. Limits on withdrawing cash from savings bank accounts would however continue for now and are "under consideration for withdrawal in t...