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Withdrawal limit News

19 Jun 2020

RBI increases PMC account withdrawal limit to Rs 1 lakh, extends restrictions

In a big relief for hundreds of its account holders, the Reserve Bank of India on Friday increased the withdrawal limit for depositors at the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) to Rs 1 lakh from Rs 50,000.

06 Mar 2020

Yes bank withdrawal limited to 50 thousand, Rbi says, not to panic

After Pnb one more bank fraud is in the market. RBI superseded the board of Yes Bank and imposed a month-long moratorium. Rbi told to customers not to panic in the situation of cash withdrawal

14 Oct 2019

RBI hikes withdrawal limit for depositors of PMC Bank to Rs 40,000

The RBI said in a press release that it has decided to hike the withdrawal limit from Rs 25,000 to Rs 40,000 after reviewing the bank’s liquidity position and its ability to pay its depositors.

26 Sep 2019

RBI raises withdrawal limit of PMC bank customers from Rs 1,000 to Rs 10,000

In a major relief for thousands of customers of Punjab and Maharashtra Cooperative Bank Limited (PMC), Mumbai, the Reserve Bank of India on Thursday enhanced the withdrawal limit of the PMC customers from Rs 1,000 to Rs 10,000.

30 Jan 2017

No ATM withdrawal limit from February 1, cap on savings accounts to continue

In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.

15 Dec 2016

Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report

Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.

27 Nov 2016

Demonetisation: Assocham urges for higher cash withdrawal limit for transporters

In the wake of the November 8 demonetisation of high value currency, industry chamber Assocham on Sunday urged the government to increase the cash withdrawal limit for logistic and transport fleet owners since they need cash for meeting their expenses.

14 Nov 2016

Enough cash available, assures government; hikes withdrawal limit of current accounts to Rs 50,000

Allaying fears of shortage, the Finance Ministry Monday said there is enough cash in the system and delivery channels are being augmented across the country to help cash-starved citizens.

13 Nov 2016

Demonetisation: Withdrawal amount from ATMs increased to Rs 2,500, exchange limit over counter raised to Rs 4,500

Daily limit for withdrawing cash from ATMs has been increased to Rs 2,500 from existing Rs 2,000 announced Ministry of Finance on Sunday.

demonestisation

12 Nov 2016

Enhance withdrawal limit to avert disruption in essential supplies: Industry

The apex body representing the cargo and passenger transport industry has warned that the supply of essential items can get adversely impacted, if the current cash withdrawal limit is not enhanced.

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