Good news! RBI may lift cash withdrawal limit by Feb-end

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Latest News – With the cash crunch situation easing, the Reserve Bank might do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said.
The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.
“I think the restrictions on withdrawal by RBI should be completely lifted by February-end or by first half of March as cash situation is easing gradually,” Bank of Maharashtra executive director R K Gupta told PTI.
It is entirely RBI’s decision and the (Read More)
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