RBI lifts ATM withdrawal limits from February 1

30 January, Mumbai

Reserve Bank of India has lifted cash withdrawal limits from ATMs with effect from February 1 and has also withdrawn all limits on Current Accounts and overdraft accounts with immediate effect.

In a circular to the banks, the RBI, however, said the weekly limits of 24 thousand rupees on Savings Bank accounts will continue.

It said, it is also considering to withdraw this limit in the near future.

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