Demonetisation: Govt reduces withdrawal limit, eases rules for farmers

Demonetisation: Govt reduces withdrawal limit, eases rules for farmers
(L-R) DEA Secretary, Shaktikanta Das with Finance Minister, Arun Jaitley. Image Source: IANS
Written By: ZeeBiz WebTeam
Updated: Thu, Nov 17, 2016
11:07 am
Mumbai, ZeeBiz WebDesk
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Department of Economic Affairs (DEA)'s Secretary, Shaktikanta Das on Thursday announced new rules pertaining to the demonetisation move by the government.

The rules include the following:

1. Exchange of old currencies have been reduced to Rs 2000 from Rs 4500 from November 18. 

2. Farmers can withdraw  up to Rs 25,000 per week against crop loans. 

3. APMC-registered traders can withdraw up to Rs 50,000 per week. 

4. Crop insurance payment deadline has been furthered by 15 days. 

5. One member of a family, either father or mother, can withdraw up to Rs 2.5 lakh for a wedding. 

Also Read: Facts vs Myth: Govt clarifies your doubts about demonetisation

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