 "FY17 GDP growth faces cash crunch heat")
In a big relief to people and small businesses, RBI today announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
The Reserve Bank also promised to review the weekly limit in the near future depending on the pace of remonetisation.
"On a review of the pace of remonetisation, it has been decided to partially restore status quo ante," RBI said adding, cash withdrawal limit from ATMs stands withdrawn from February 1, 2017.
Banks, however, have been asked to
The Reserve Bank also promised to review the weekly limit in the near future depending on the pace of remonetisation.
"On a review of the pace of remonetisation, it has been decided to partially restore status quo ante," RBI said adding, cash withdrawal limit from ATMs stands withdrawn from February 1, 2017.
Banks, however, have been asked to
