Demonetisation of Rs 500, Rs 1000 notes RBI relaxes withdrawal limits

MUMBAI Nov 29 : The Reserve Bank of India (RBI) on Monday said that if deposits had been made in legal tender, then depositors could withdraw that amount over and above the Rs 24,000 weekly limit. The move was aimed at allowing comfort to individuals w…

MUMBAI Nov 29 : The Reserve Bank of India (RBI) on Monday said that if deposits had been made in legal tender, then depositors could withdraw that amount over and above the Rs 24,000 weekly limit. The move was aimed at allowing comfort to individuals who were hesitant to deposit legal tender following the withdrawal of high-value currency notes which came into effect from November 9.

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