SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions  ||  SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute  ||  SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending  ||  SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved  ||  Calcutta HC: Conviction under Essential Commodities Act Invalid if Stock Measured With a 'Stick'  ||  Kerala High Court: Universities Must Regulate Student Political Activities to Curb Campus Violence  ||  Calcutta HC: Accused Has No Right on Investigation Mode or Impleadment in Probe Writ  ||  Gauhati HC: POCSO Probes Must be Child-Friendly, With Sensitized Investigators to Ensure Clear Truth  ||  Kerala HC: Orders Barring Disclosure of Witness Statements Must State Reasons For Each Witness  ||  SC: Hard to Believe Married Woman Was Lured Into Sex by False Marriage Promise; Case Quashed    

Amendment of notification number S.O. 3407(E) dated the 8th November, 2016 S.O.3449(E)- (Ministry of Finance ) (14 Nov 2016)

MANU/EAFF/0175/2016

Banking

In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:-

1. In the said notification, in paragraph 2,-

(a) in clause (vi), the words, letters and figures "until the end of business hours on 24th November, 2016, after which these limits shall be reviewed" shall be omitted;

(b) after clause (vi), the following proviso shall be inserted, namely:- "Provided that cash withdrawal from a current account, which is in operation during the last three months or more, shall be restricted to Rs. 50,000/- a week.";

(c) in clause (viii), the words, letters and figures "and the limit shall be raised to Rs. 4000/- per day per card from 19th November, 2016" shall be omitted.

Tags : NOTIFICATION   AMENDMENT   WITHDRAWAL   LIMITS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved