AP News Online

Cash restrictions likely to go away by Feb-end

The RBI had recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving account and Rs 1 lakh for current account holders.

With the cash crunch situation easing, Reserve Bank may do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said.

“I think the restrictions on withdrawal by RBI should be completely lifted by February-end or by first half of March as cash situati ..

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