Further relaxing money withdrawal norms, the Reserve Bank today said overdraft and money credit account holders can now withdraw up to Rs. 50,000 in a week.
Prior, current account holders were permitted to pull back up to Rs. 50,000 in real money, in a week.
"On a review, it has been chosen to extend this office to Overdraft and Cash Credit accounts likewise," the national bank
In like manner, holders of current/overdraft/money credit accounts, which are operational throughout the previous three months or more, may now pull back upto Rs. 50,000 in real money, in a week. Be that as it may, this improved point of confinement for week after week withdrawal is not material for individual overdraft accounts.
The Reserve Bank assist said the Rs. 50,000 withdrawals might be dispensed transcendently in Rs. 2,000 section monetary orders.
Government has taken a few choices to simplicity withdrawal limitations for agriculturists, little dealers, Group "C" workers of Central Government incorporating comparable levels in the resistance and para military powers, railroads and CPSEs in the result of the cancelation of the legitimate delicate character of the old Rs. 500 and Rs. 1,000 notes.