Withdrawal of cash from bank deposit accounts - Relaxation

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....ithdrawal of cash from bank deposit accounts - Relaxation <br>News and Press Release<br>Dated:- 29-11-2016<br><BR>RBI/2016-17/163 DCM.No.1437/10.27.00/2016-17 November 28, 2016 The Chairman / Manag....

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....ing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperat....

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....ive Banks Dear Sir, Withdrawal of cash from bank deposit accounts - Relaxation It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the ....

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....current limits on cash withdrawals from accounts. 2. As it is impeding active circulation of currency notes, it has been decided, on careful consideration, to allow withdrawals of deposits made in cu....

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....rrent legal tender notes on or after November 29, 2016 beyond the current limits; preferably, available higher denominations bank notes of &#8377; 2000 and &#8377; 500 are to be issued for such withdr....

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....awals. Yours faithfully, (P Vijaya Kumar) Chief General Manager<BR> News - Press release - PIB....