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Cash withdrawals dip despite no limits

Cash withdrawals dip despite no limits

Tuesday, April 4, 2017, 11:55 AM

Despite no limits, cash withdrawals haven’t picked up in the economy. After the note ban in November, the government had put limits on cash withdrawals from banks and ATMs. On March 13, all these limits were removed to enable a free flow of money. However, SBI’s research reports say “In the span of one week, cash withdrawal has declined by Rs 20 billion.
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