<h1>RBI to Remove Cash Withdrawal Limits from Savings Accounts in Phases Starting February 2017.</h1> The Reserve Bank of India announced the removal of cash withdrawal limits from Savings Bank accounts in a phased manner. Initially, starting February 20, 2017, the withdrawal limit will increase to Rs. 50,000 per week, up from Rs. 24,000. Subsequently, from March 13, 2017, all limits on cash withdrawals from Savings Bank accounts will be lifted entirely. This decision follows the earlier restrictions imposed after the withdrawal of Specified Bank Notes in November 2016, which had already been eased for other account types and ATMs by early February 2017.