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There’s no limit for withdrawal from 1st of February:-

money1-350x185Central government announced that 500 and 1000 rupees note or not valid from last year November 8th, and there are some strict rules and regulations for transferring money through ATM. The people from all over India can’t transfer money even for their emergency need and they suffered a lot.

Particularly the vendor and business people who have to make daily transfers suffered a lot and their business faced many problems, Reserve Bank said that from February 1st there’s no limit for the withdrawal and the banks can set a limit of amount for withdrawal by their own wish. And they also continued that this is not applicable for “Savings Account holder”.

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