Withdrawal of Legal Tender Character of Specified Bank Notes –
Cash Withdrawal Limit
Please refer to Para (i) – Additional Facilities of our Circular No. DCM (Plg) No.1274/10.27.00/2016-17 dated November 14, 2016 in terms of which current account holders (applicable to Current Accounts which are operational for last three months or more) were allowed to withdraw up to RS50000 in cash, in a week.
On a review, it has been decided to extend this facility to Overdraft and Cash Credit accounts also. Accordingly, holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, may now withdraw upto RS 50000 in cash, in a week.
This enhanced limit for weekly withdrawal is not applicable for personal overdraft accounts.
2. Such withdrawals may be disbursed predominantly in RS 2000 denomination bank notes.
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