RBI Limits Jan Dhan Withdrawal at Rs 10,000 Per Month
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RBI Limits Jan Dhan Withdrawal at Rs 10,000 Per Month

The Reserve Bank of India, issued a notification on Tuesday, said Jan Dhan account holders can withdraw only up to Rs. 10,000 per month. It added that, “Limited or Non KYC compliant account holders may be allowed to withdraw Rs. 5,000 per month from the amount deposited through SBNs after November 09, 2016 within …

RBI relaxes cash withdrawal limits to spur deposits
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RBI relaxes cash withdrawal limits to spur deposits

The Reserve Bank of India (RBI) on Monday notified a relaxation on the withdrawal limit of deposits from bank deposit accounts. It announced that it will extend the withdrawal amount over and above the Rs.24,000 weekly limit.  “It has been decided, on careful consideration, to allow withdrawals of deposits made in …

RBI doubles balance limit for digital wallets to help small merchants
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RBI doubles balance limit for digital wallets to help small merchants

In a bid to help small merchants meet transactional needs after demonetisation, the Reserve Bank of India on Tuesday said it has doubled the limit balance that can be kept in digital wallets to Rs 20,000. The RBI, in a statement released on Tuesday, said: ” A special dispensation has now been enabled for …