The Reserve Bank of India (RBI) has lifted the restrictions on cash withdrawals from bank accounts and ATMs, in a sign that the pace of remonetisation is picking up.
In a statement on its website, the central bank said that restrictions on withdrawal of cash from current accounts, cash credit and overdraft accounts have been lifted with immediate effect.
Further, limits on cash withdrawals from ATMs will be withdrawn from February 1, 2017.
However, the limits on savings bank accounts will continue for the present, until further review by the RBI.
No comments:
Post a Comment