 "A bank officer in Jammu displays a bunch of new ~2000 notes, while customers queue up to withdraw cash. Photo: PTI")
The Reserve Bank of India (RBI) on Wednesday announced that the weekly cash withdrawal limit would be increased to Rs 50,000 on savings accounts from February 20.
The central bank announced that from March 13, 2017, onwards no withdrawal limits would apply to savings accounts. Further, the cash withdrawal limits would be eased in two stages.
On January 30, the RBI had announced that it would remove limits placed on daily cash withdrawals from automated teller machines (ATMs) from February 1 and would also lift all curbs on branch withdrawals from current accounts, cash credit and overdraft accounts with
