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Newscash withdrawal norms

Cash withdrawal norms News

29 Nov 2016

Demonetisation: RBI relaxes withdrawal norms, nudges retailers to deposit cash

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, 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.

21 Nov 2016

Demonetisation: Rs 50,000 per week withdrawal from overdraft accounts allowed; farmers can buy seeds with old Rs 500 notes

Further relaxing cash withdrawal norms, the Reserve Bank on Monday said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.

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