The Reserve Bank of India (RBI) today Feb 8, 2017 (Wednesday) announced that all restrictions on cash withdrawal from savings bank account will be removed in two phases.In the first phase, the withdrawal limit will be raised to Rs 50,000 from existing Rs 24,000 a week, effective February 20. In the second phase, from March 13, 2017, the cash withdrawal limit from the bank as well as ATM following the demonitisation of Rs.500/1000/-on Nov 9, would be completely removed from March 13, 2017.
On 30th January 2017 RBI removed the cash withdrawal limit from current accounts, cash credit accounts and overdrafts.The withdrawal in a single day from a savings bank account or from an ATM was raised to ₹24,000 from Feb 1, but the cap on ₹24,000 a week remained.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
Global issues are problems of economic, environmental, social, and political concerns that affect the entire…
Sustainable development or 'Sustainability for development' refers to the development that is done without damaging…
The Reserve Bank of India today, in its circular informed that during the onsite examination…
Priority Sector lending (PSL) means bank lending to those sectors that the Government of India…