No Limit On Cash Withdrawals From March 13: RBI; All You Need to Know

The Reserve Bank of India on Wednesday has announced at the sixth bi-monthly monetary policy review to phase out the weekly limit on cash withdrawal from savings accounts in two stages, starting from February 20.

  • First, the weekly withdrawal limit for savings accounts will be raised to Rs 50,000 from February 20.
  • From March 13, there will be no limit on cash withdrawal from savings accounts.

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