Updated By: LatestGKGS Desk
RBI waives withdrawal limit deposit to be current legal tender
Reserve Bank of India waves off all the limits of withdrawal of money from banks
Reserve Bank of India extended the limit of withdrawal of notes from the banks or the ATM
RBI has provided the relief due to upcoming salary so that the people can withdraw as much amount they want.
Person can withdraw the amount deposited in current legal tender to withdraw over Rs.24,000
One condition is that the people can withdraw deposits made in current legal tender i.e. currency of 5, 10, 20,50,100,500,2000.
The deposited amount of current legal tender will rise the person’s withdrawal limit over Rs.24,000.
RBI has taken this step so that people can deposit the current legal tender in the banks and to ease circulation.
Due to demonetisation, people are hesitating to deposit the current legal tender currency in the banks due to lower withdrawal limit.
