RBI to increase weekly bank withdrawal limits from today

BK Web Desk Srinagar
November 29, 2016 0 Comments BREAKING NEWS 358 Views
RBI to increase weekly bank withdrawal limits from today

The RBI has decided to that effective today the bank withdrawal limits beyond Rs 24,000 a week set by the Government on the midnight of November eight following demonetization.      These withdrawal can be done only after deposits made in the new notes of Rs 500 and Rs 2000 denomination, the RBI said in a circular.  RBI further said, “As  it  is  impeding  active  circulation  of  currency  notes,  it  has  been  decided,  on careful consideration,  to  allow withdrawals  of  deposits made in  current  legal  tender  notes  on  or November 29,2016   beyond the   current limits; preferably, available higher   denominations bank notes of  2000 and 500 are to be issued for such withdrawals,” the RBI circular said.

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