Limit on Cash Withdrawals from SB Accounts raised to 50, 000 per week – Reserve Bank

Limit on Cash Withdrawals from SB Accounts raised to 50, 000 per week – Reserve Bank  Reserve Bank today announced that the cash withdrawal limits on savings bank account to be raised to Rs 50,000 per week from the existing limit of Rs.24,000 from Feb 20. And also the limits on cash withdrawals from savings … Read more

Involvement of bank officials in money laundering during post monetization

Involvement of bank officials in money laundering during post monetization Press Information Bureau Government of India Ministry of Finance 07-February-2017 16:30 IST Involvement of bank officials in money laundering during post monetization Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of demonetisation … Read more

No Limit for Cash Withdrawal from ATMs from February 1 – RBI Circular

No Limit for Cash Withdrawal from ATMs from February 1 – RBI Circular Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 … Read more

ATM Withdrawal increased to Rs.10000 per day per card – RBI Notification issued on 16.1.2017

ATM Withdrawal increased to Rs.10000 per day per card – RBI Notification issued on 16.1.2017 Enhancement of withdrawal limits from ATMs and Current Accounts RBI/2016-17/213 DCM (Plg) No.2559/10.27.00/2016-17 January 16, 2017 The Chairman / Managing Director / Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / … Read more

Cash withdrawal from ATMs increased to 4500 from 1.1.2017 – RBI Orders on 30.12.2016

Cash withdrawal from ATMs – Enhancement of daily limits RBI/2016-17/204 DCM (Plg) No. 2142/10.27.00/2016-17 December 30, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks District central Cooperative Banks Dear Sir, Cash withdrawal from ATMs – … Read more