No cash withdrawal limit at ATMs from February 1, announces RBI - Times of India
NEW DELHI: The Reserve Bank of India on Monday announced removal of limits on all cash withdrawals from current accounts, while retaining the weekly cap of Rs 24,000 on withdrawals from savings accounts.
"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it has been decided to partially restore status quo ante," RBI said adding, cash withdrawal limit from ATMs stands withdrawn from February 1, 2017.
The limits placed on cash withdrawals from current accounts/ cash credit accounts/ overdraft accounts also stand withdrawn with immediate effect, the RBI has said.
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