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You can withdraw more than Rs 24k a week if you deposit valid currency in bank: RBI

Reserve Bank of India notification is aimed at encouraging people to deposit money in their bank accounts

IANS  |  Mumbai 

In a bid to woo bank deposits, the RBI has said people depositing money other than the old currency will now be allowed to take out that amount on top of the stipulated Rs 24,000 weekly limit. The Reserve Bank of India notification on Monday night is aimed at encouraging people to deposit money in their bank accounts. "It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts," the RBI said. "As it is impeding active circulation of currency notes, it has ...

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You can withdraw more than Rs 24k a week if you deposit valid currency in bank: RBI

Reserve Bank of India notification is aimed at encouraging people to deposit money in their bank accounts

Reserve Bank of India notification is aimed at encouraging people to deposit money in their bank accounts In a bid to woo bank deposits, the RBI has said people depositing money other than the old currency will now be allowed to take out that amount on top of the stipulated Rs 24,000 weekly limit. The Reserve Bank of India notification on Monday night is aimed at encouraging people to deposit money in their bank accounts. "It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts," the RBI said. "As it is impeding active circulation of currency notes, it has ... image
Business Standard
177 22

You can withdraw more than Rs 24k a week if you deposit valid currency in bank: RBI

Reserve Bank of India notification is aimed at encouraging people to deposit money in their bank accounts

In a bid to woo bank deposits, the RBI has said people depositing money other than the old currency will now be allowed to take out that amount on top of the stipulated Rs 24,000 weekly limit. The Reserve Bank of India notification on Monday night is aimed at encouraging people to deposit money in their bank accounts. "It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts," the RBI said. "As it is impeding active circulation of currency notes, it has ...

image
Business Standard
177 22