<h1>RBI Eases Cash Withdrawal Limits to Encourage Deposits; Effective November 29, 2016, with Rs. 2000 and Rs. 500 Notes Preferred.</h1> The Reserve Bank of India announced a relaxation on cash withdrawal limits from bank deposit accounts. This decision aims to encourage depositors to deposit their money without hesitation, as current withdrawal limits have been discouraging this practice. Effective from November 29, 2016, withdrawals of deposits made in legal tender notes will be allowed beyond existing limits. The preferred denominations for such withdrawals are Rs. 2000 and Rs. 500 notes. This measure is intended to improve the circulation of currency notes.