In line with the pace of remonetisation, it has now been decided to remove the restrictions on cash withdrawals from Saving Bank accounts (including accounts opened under PMJDY) in a two step process as under:
1.Effective February 20, 2017, the limits on cash withdrawals from the Savings Bank accounts will be enhanced to 50,000 per week (from the current limit of 24,000 per week); and
2.Effective March 13, 2017, there will be no limits on cash withdrawals from Savings Bank accounts.
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