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withdrawal limits News
RBI may remove weekly cash withdrawal limits by February-end: Bankers
Thu, Jan 26, 2017
Bankers have said that the Reserve Bank of India is likely to remove the weekly cash withdrawal limits for banks as well as ATMs by the end of February this year.
RBI relaxes withdrawal norms, nudges retailers to deposit cash
Wed, Nov 30, 2016
Nudging retailers such as malls and shop owners to deposit their daily collections with banks, Reserve Bank of India (RBI) has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.
RBI eases withdrawal limits for deposits made in legal tender
Tue, Nov 29, 2016
To encourage people to deposit valid currency notes in banks, Reserve Bank of India (RBI) on Monday said bank customers would be able to withdraw deposits made in current legal tender notes beyond the current limits, a move aimed at increasing currency circulation in system.