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Restrictions On Cash Withdrawals May Continue Beyond Dec 30
25 December, 2016, By Cross Town News
NEW DELHI, Dec 25: Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 .
Banks at many places are not in a position to disburse even the current limit of Rs 24,000 per week due to cash crunch and are rationing the valid currency depending on cash availability. If this limit is withdrawn for individual and businesses from January 2, it is unlikely that banks would be able to disburse the higher demand for valid currencies given the current cash position, reports said.