- The Reserve Bank of India on Monday scrapped the limits placed on cash withdrawals from current, cash credit and overdraft accounts with immediate effect.
- The limits placed on cash withdrawals from ATMs (apart from savings accounts) stand withdrawn from 1 February. Banks may, at their discretion, have their own operating limits, said the RBI.
- The withdrawal limits of Rs 24,000 on savings bank accounts will continue for the present and will come under consideration for withdrawal in the near future.
(With inputs from ANI)
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