Withdraw as much as you can, says RBI
Avalokita Pandey / 30 Jan 2017
The Reserve Bank of India announced on Monday the removal of cash withdrawal limits for ATMs from February 1.
The Reserve Bank of India announced on Monday the removal of cash withdrawal limits for ATMs from February 1.
According to reports, the central bank has removed limits on current and overdraft accounts. However, it will consider removing limits on saving accounts in near future.
The RBI also said that banks can have their own limit as was the case before November 8.
The move came nearly three months after the government withdrew Rs 500 and Rs 1000 notes, triggering a nationwide cash crunch that forced the central bank to clamp daily and weekly limits on withdrawals.
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