LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

RBI raises withdrawal limit for savings account to Rs 50,000; no limit from March 13

The apex bank had imposed the limitation on withdrawal of cash after Prime Minister Narendra Modi on November 8 had announced the ban on Rs 500 and Rs 1000 notes.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
RBI raises withdrawal limit for savings account to Rs 50,000; no limit from March 13
​Since then RBI has been revising the withdrawal limit on current account, savings account and ATMs. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Feb 08, 2017
04:43 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
State Bank of India's revised service charges effective from June 1; find out what they are State Bank of India's revised service charges effective from June 1; find out what they are
 SBI changes service charges on various transactions; find out what they are SBI changes service charges on various transactions; find out what they are
Why are ATMs in India suddenly running dry again? Why are ATMs in India suddenly running dry again?
Growth in digital banking slows down, cash withdrawals fall post March 13 Growth in digital banking slows down, cash withdrawals fall post March 13

The Reserve Bank of India on Wednesday said that the weekly withdrawal limit for savings accounts will be raised to Rs 50,000 from the current Rs 24,000 from February 20 and no limit on withdrawal from March 13, 2017.

The central bank on January 30, had cancelled the daily and weekly limits imposed on ATM withdrawals and from the current accounts from February 1. But, that time it had kept the overall limit at Rs 24,000 in a week for savings bank account. 

The apex bank had imposed the limitation on withdrawal of cash after Prime Minister Narendra Modi on November 8 had announced the ban on Rs 500 and Rs 1000 notes. Hence, with the shortage of the currency in the country, the RBI had ordered to put the limit on cash withdrawal.

Since then RBI has been revising the withdrawal limit on current account, savings account and ATMs. 

Today, the RBI kept the key rates unchanged in its sixth bi-monthly monetary policy. Now, the repo rate under the liquidity adjustment facility (LAF) will be at 6.25%. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Cash withdrawal limitSavings account limitDemonetisationATM cash withdrawalcash withdrawal restrictionsReserve Bank of IndiaRBI policyRBI keeps rate unchangedUrjit PatelDemonetisation impactEconomy
RELATED NEWS
State Bank of India's revised service charges effective from June 1; find out what they are State Bank of India's revised service charges effective from June 1; find out what they are
 SBI changes service charges on various transactions; find out what they are SBI changes service charges on various transactions; find out what they are
Why are ATMs in India suddenly running dry again? Why are ATMs in India suddenly running dry again?
Growth in digital banking slows down, cash withdrawals fall post March 13 Growth in digital banking slows down, cash withdrawals fall post March 13
Cash balance in Jan Dhan accounts at its lowest since October Cash balance in Jan Dhan accounts at its lowest since October

LATEST NEWS

Honda City tops mid-sized sedan segment in 2020 with sale of 21,826 units

7th Pay Commission latest news: Salary up to Rs 2.08 plus DA, HRA; check 7th CPC details in Central Government at upsconline.nic.in

Citi on Mutual Funds: UTI AMC is top pick; sector may deliver Healthy (15%) AUM / profit growth likely

Stocks to Buy: Tata Motors stock on a roll, gains 6 pct on Friday; Know why trends to remain bullish

SBI, HDFC Bank, ICICI Bank, Axis Bank to Yes Bank, Maruti Suzuki car finance facility launched; bring home your dream car easily now

Delhi geared up for COVID-19 vaccination roll-out tomorrow at 81 sites

PUBG Mobile India launch date: Rumours rage with this announcement; will the Battle Royale Game make comeback? Check latest report

SAIL OFS - Anil Singhvi picks it as Stock of the Day, says BUY | From floor, discount, subscription to outlook, know strategy here

Exclusive: Tread with caution in 2021, expert Mehraboon Irani tells investors; reveals his favourate stocks, budget expectations to Anil Singhvi

ICICI Bank credit card, debit card holders delight! Get discount up to 50% on essential and luxury items | check details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved