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RBI eases withdrwal limits for deposits made in Valid currency


New Delhi, Nov 29: RBI on Monday said bank customers would be able to withdraw deposits made in current legal tender notes beyond the current limits, a move aimed at increasing currency circulation in system.

  For example, if someone deposits valid legal tenders (Rs 2,000, Rs 500, Rs 100, Rs 50, Rs 20, Rs 10, Rs 5) of Rs 6,000, the withdrawal limit for that person would rise by Rs 6,000 over and above weekly withdrawal limit of Rs 24,000.

 

 


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