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Cash withdrawal limit News

17 Mar 2017

'No proposal to replace income tax with transaction tax'

There is no proposal to replace income tax with the banking cash transaction tax, Parliament was informed on Friday.

08 Feb 2017

Note ban: Cash withdrawal limit to be Rs 50,000 a week from February 20, no cap from March 13

The RBI said that weekly withdrawal limit for savings accounts will be increased from Rs 24,000 to Rs 50,000 from February 20 while there will be no limit on withdrawal from March 13.

27 Jan 2017

Govt planning to give huge relief to common people after note ban

27 Jan 2017

Demonetisation: RBI may again allow deposit of old Rs 500 Rs 1,000 notes

RBI may give another chance to deposit the scrapped Rs 500 and Rs 1,000 banknotes but the exchange would be for a limited sum.

Assembly Elections

25 Jan 2017

Assembly elections: Hike cash withdrawal limit from Rs 24,000 to Rs 2 lakh for candidates in poll-bound states, EC tells RBI

The Election Commission today requested the Reserve Bank of India to enhance the weekly cash withdrawal limit of candidates contesting polls in five states to Rs 2 lakh from the Rs 24,000 imposed post demonetisation as they would find it difficult to meet their campaign expenditure.

28 Dec 2016

Demonetisation: 90% of banned notes back in system, no big dividend seen

With nearly Rs 14 lakh crore out of the Rs 15.4 lakh crore worth of 500 and 1000 rupee junked already deposited in banks, the expectation that RBI will be able to give a substantial dividend to the government, seems to be a contradictory proposition.

cash withdrawal limit

23 Dec 2016

Demonetisation: Cash withdrawal limit deadline may be extended beyond December 30, says SBI Chairman

Even as the window for depositing demonetised notes ends on December 30, the restrictions on cash withdrawal from banks and automated teller machines (ATMs) are expected to continue for a little longer.

09 Nov 2016

Cash withdrawal restrictions to ease with supply of new notes: Govt

Cash withdrawal restrictions will be eased once the supply of new, hard-to-fake Rs 500 and Rs 2,000 currency notes improves and a stockpile of lower denomination notes is created, the government said today.

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