No
Withdrawal Limits on Currency Deposits other than SBNs
[Ref: RBI/2016-17/163 - DCM.No.1437/10.27.00/2016-17 dated 28th
November 2016]
Sub: Withdrawal
of cash from bank deposit accounts - Relaxation
It has been reported that certain depositors are hesitating to
deposit their monies into bank accounts in view of the current limits on cash
withdrawals from accounts.
2. As
it is impeding active circulation of currency notes, it has been decided, on
careful consideration, to allow withdrawals of deposits made in current legal
tender notes on or after November 29, 2016 beyond the current limits;
preferably, available higher denominations bank notes of Rs. 2000 and Rs. 500 are to be issued for such withdrawals.