Weekly Cash withdrawal limit for savings account increases to Rs. 50,000

Savings accounts holders will now be able to withdraw up to Rs 50,000 per week with effect from today.

An RBI notification, issued on January 30, had announced that from February 20 the cash withdrawal limit for savings accounts will be raised to Rs 50,000 from Rs 24,000 a week.

The limits on cash withdrawals from savings bank account will be withdrawn completely from March 13.

Till now, there is no limit on current account and there is a cap of Rs 50,000 for farmers a week and Rs 2.5 lakh for marriage.

Source: DDI News