You are here

RBI to remove cash withdrawal limits

Central bank says cap will be scrapped altogether from March 13

BT_20170209_KVRUPEE9_2732959.jpg
The Reserve Bank of India capped cash withdrawals after Prime Minister Narendra Modi's shock decision in November to take all 500 (S$10.50) and 1,000 rupee notes out of circulation.

Mumbai

LIMITS on cash withdrawals will be removed entirely from March 13, India's central bank said on Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes.

The Reserve Bank of India capped cash withdrawals after Prime Minister

sentifi.com

Market voices on: