No Weekly Cash Withdrawal Limit From March 13

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All restrictions on cash withdrawal from savings bank account will be removed from next month. You can withdraw as much cash you want from March 13.

From 20 February, the cash withdrawal limit will be increased to Rs 50,000 per week. The existing limit is Rs 24,000. Indian Currency Demonetization: Advantages and Disadvantages

No Weekly Cash Withdrawal Limit From March 13

Earlier, the RBI had removed cash withdrawal limits from ATMs from 1 February. The cash withdrawal limit at automated teller machines (ATMs) was earlier increased to Rs 10,000 per day per saving bank account on 16 January.

Prime Minister Modi, after announcing demonetization of Rs 500 and Rs 1000 currency notes, had imposed restrictions on cash withdrawal and deposits. 

Read more about: atm, rbi, withdrawal
Story first published: Wednesday, February 8, 2017, 16:43 [IST]
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