Withdrawal of cash from bank deposit accounts - Relaxation
click here to download official prees- note.
It has been reported that certain
depositors are hesitating to deposit their monies into bank accounts in
view of the current limits on cash withdrawals from accounts.
2. As it is impeding active circulation of
currency notes, it has been decided, on careful consideration, to allow
withdrawals of deposits made in current legal tender notes on or after
November 29, 2016 beyond the current limits; preferably, available
higher denominations bank notes of ₹ 2000 and ₹ 500 are to be issued for
such withdrawals.
Yours faithfully,
(P Vijaya Kumar) click here to download official prees- note.
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