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Cash withdrawal limit has been increased to Rs 50,000 per week

Cash withdrawal limit has been increased to Rs 50,000 per week

Monday, February 20, 2017, 1:21 PM

The Reserve Bank said the weekly limit on withdrawal of cash from savings bank accounts will be raised to Rs 50,000, from the current Rs 24,000, from today, and the limit will be removed completely from 13 March. Government and RBI had imposed limits on withdrawal of money from ATMs and bank branches in view of the currency shortage following demonetization.
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