Cash Withdrawal Limit Facility for Overdraft/Cash Credit Accounts - ଆରବିଆଇ - Reserve Bank of India
Cash Withdrawal Limit Facility for Overdraft/Cash Credit Accounts
RBI/2016-17/142 November 21, 2016 The Chairman / Managing Director/Chief Executive Officer Dear Sir, Withdrawal of Legal Tender Character of Specified Bank Notes – Please refer to Para (i) – Additional Facilities of our Circular No. DCM (Plg) No.1274/10.27.00/2016-17 dated November 14, 2016 in terms of which current account holders (applicable to Current Accounts which are operational for last three months or more) were allowed to withdraw up to ₹ 50000 in cash, in a week. On a review, it has been decided to extend this facility to Overdraft and Cash Credit accounts also. Accordingly, holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, may now withdraw upto ₹ 50000 in cash, in a week. This enhanced limit for weekly withdrawal is not applicable for personal overdraft accounts. 2. Such withdrawals may be disbursed predominantly in ₹ 2000 denomination bank notes. Yours faithfully, (Suman Ray) |