Monday, 21 November 2016

RBI allows current/overdraft/cash credit account holders to withdraw up to INR 50,000 in cash per week

 

 

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Reserve Bank of India:

 

* Withdrawal of legal tender character of specified bank notes - cash withdrawal limit.

 

* Holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, may now withdraw up to 50000 rupees in cash, in a week. 

 

* Enhanced limit for weekly withdrawal is not applicable for personal overdraft accounts Source text.

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