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RBI May Withdraw Weekly Withdrawal Limit From Savings Bank Accounts

RBI May Withdraw Weekly Withdrawal Limit From Savings Bank Accounts

Friday, February 3, 2017, 2:51 PM

The RBI may soon remove the restrictions on cash withdrawals from savings accounts. Currently only Rs. 24,000 per week can be withdrawn from savings accounts. Last week the RBI had removed withdrawal limits from current accounts. The RBI chief Urjit Patel in January told that the central bank has issued Rs. 9.2 lakh crore of new currency, thus replacing 60% of demonetised currency.
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