No Cash withdrawal limits on current accounts at ATMs from 1st February

  • No limits on cash withdrawal

    No limits on cash withdrawal

Reserve Bank of India has eliminated the cash withdrawal limitation from the current accounts but retained the weekly cap of Rs 24000 on withdrawals from savings bank account. Daily withdrawal from an ATM is Rs 10000. RBI said that banks can put their own limitations on withdrawal from ATMs. RBI has also removed cash withdrawal limits from cash credit accounts and overdrafts.

Malabika Sarkar

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