HomeNews News RBI Could Scrap Limits On Cash Withdrawal By March 13 RBI Could Scrap Limits On Cash Withdrawal By March 13

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RBI Could Scrap Limits On Cash Withdrawal By March 13

RBI Could Scrap Limits On Cash Withdrawal By March 13

Wednesday, February 8, 2017, 5:00 PM

You may soon be able to draw unlimited cash from your savings account by March 13. RBI could hike cash withdrawal limit on savings accounts to INR 50,000 a week, as early as February 20th. From March 13th, there could be no limits for cash withdrawals from savings accounts. RBI imposed strict withdrawal limits after demonetization, to ensure maximum distribution of new currency notes.
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