CCI Dismisses Complaint Against Rapido over Use of Private Vehicles in Bike Taxi Service || Allahabad HC: State Must Protect Individuals Threatened for Conducting Prayers in Private Spaces || Madras HC: Habeas Corpus Petition Cannot Be Used if Wife Voluntarily Elopes with Another Man || Calcutta High Court: Post-VRS Service Benefits Cannot be Denied; Ex-Employees Entitled to Arrears || SC: SAIL Can Withhold Gratuity to Adjust Penal Rent if Ex-Employees Illegally Retain Quarters || Supreme Court: Appellate Courts Should Not Easily Alter MACT Compensation Awards || Supreme Court: Quashing FIR in Forgery Case Unjustified While Handwriting Expert’s Report Pending || Raj HC: Convicted Minor Gang Rapist Not Fully Barred From Open-Air Camps; Rules Allow Exceptions || Calcutta High Court: Serving a Show-Cause Notice Via Email is Valid under PMLA Regulations || Del HC: Candidate’s Independent Medical Opinions Don’t Justify Fresh Medical Exam in SSC Recruitment

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 :