Banking News

Limits on Cash withdrawals from Bank accounts and ATMs -Bone up

RBI today announced that the limits placed on cash withdrawal from current accounts/cash credit accounts/overdraft accounts stand withdrawn with immediate effect.The limits on Savings Bank accounts will continue at present and are under consideration for withdrawal in the near future. Limits on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks are at their discretion to fix their own operating limits as was the case before November 8, 2016, subject to maximum limits fixed for SB accounts.

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