STATE TIMES NEWS
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday 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.
RBI had imposed these limits in November last year after the government announced a ban on old high-value currency notes, and began to replace them with new notes.
Effective February 1, restrictions on daily withdrawal of money from ATMs and from current accounts effective had already been lifted.
