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No Restrictions on Cash Withdrawals from Today

By:  Tupaki Desk   |   13 March 2017 1:47 PM GMT
No Restrictions on Cash Withdrawals from Today
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Reserve Bank of India (RBI) has removed all the restrictions on Cash Withdrawals from Savings Bank Account on Monday (March 13th, 2017).

Notably, RBI permitted only Cash Withdrawals up to Rs 4,000 for close to two months after the launch of demonetisation. In January this year, The withdrawal limit has been increased to Rs 10,000 but weekly limit remained Rs 24,000. From February 20th, People were permitted to withdraw cash of up to Rs 50,000 from ATMs. The good news is that there willn't be any restrictions on Cash Withdrawals from Today.

Still, Hyderabadis weren't happy because there is hardly any cash in 80 percent of ATMs since the past 10 days. The situation is only getting worse day-by-day. None expected that they would encounter problems like these five months after Note Ban was announced.