Delhi HC: Girl Being Friendly on Valentine’s Day Does Not Justify Forced Sexual Activity under POCSO || Delhi HC: Street Vendors Must Maintain Cleanliness and Not Encroach on Public Spaces || Delhi HC: Victim’s Negligence Cannot Bar Compensation in Railway Accident Cases || Jharkhand HC: Pre-1947 Transfers Exempt from Section 46; 45-Year Delay Blocks Restoration || Delhi HC: Mediation Settlement Does Not Remove Criminal Liability But Can be Considered For Bail || Delhi High Court: Newslaundry Acted Maliciously and Showed Intolerance Toward TV Today || SC: New Tree Growth on Land Approved For Development Does Not Qualify it as 'Deemed Forest' || SC: Confiscation Proceedings Can Continue Against Wife of Deceased Public Servant with Illicit Asset || Supreme Court: Strict Procedure Must be Followed under UP Gangsters Act Due to Serious Consequences || Supreme Court: HCs Can Go Beyond FIR to Quash Frivolous or Vexatious Criminal Cases

DCCBs can allow existing customers to withdraw upto Rs. 24,000 from their accounts : RBI- (Reserve Bank of India) (14 Nov 2016)

MANU/RPRL/0288/2016

Banking

The Reserve Bank of India has today clarified that District Central Cooperative Banks (DCCBs) can allow their existing customers to withdraw money from their accounts upto Rs. 24,000 per week upto November 24, 2016. However, no exchange facility against the specified bank notes (Rs. 500 and Rs. 1000) or deposit of such notes should be entertained by them. The Reserve Bank has accordingly advised all banks to permit withdrawal of cash by DCCBs from their accounts based on need. The cash withdrawal limit of Rs. 24,000 per week is not applicable to withdrawal of cash by a DCCB from its account with any other bank.

Tags : WITHDRAWAL LIMITS ALLOWABILITY

Share :