RBI today announced that the limits placed on cash withdrawal from current accounts/cash credit accounts/overdraft accounts stand withdrawn with immediate effect.The limits on Savings Bank accounts will continue at present and are under consideration for withdrawal in the near future. Limits on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks are at their discretion to fix their own operating limits as was the case before November 8, 2016, subject to maximum limits fixed for SB accounts.
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…
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“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…
The Reserve Bank of India is expanding reporting requirements for foreign exchange transactions. Starting February…
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26…