BusinessNo Limit On Cash Withdrawals From Savings Bank Accounts
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No Limit On Cash Withdrawals From Savings Bank Accounts
No limits on cash withdrawals from savings accounts, RBI had said earlier
Limits were placed following demonetisation move on November 8
On January 30, RBI had ended curbs on withdrawals from current accounts
The weekly withdrawal limit per account had been raised to Rs 50,000 from Rs 24,000 earlier.
Mumbai: All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.
In a two-stage process, the weekly withdrawal limit per account had been raised to Rs 50,000, from Rs 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.
The announcement had been made by RBI Deputy Governor R Gandhi foll...