RBI increases PMC account withdrawal limit to Rs 1 lakh, extends restrictions by 6 months
In a big relief for hundreds of its account holders, the Reserve Bank of India on Friday increased the withdrawal limit for depositors at the crisis-hit Punjab and Maharashtra Cooperative Bank (PMC Bank) to Rs 1 lakh from Rs 50,000.
Jun 19, 2020, 19:20 PM IST
Yes bank withdrawal limited to 50 thousand, Rbi says, not to panic
After Pnb one more bank fraud is in the market. RBI superseded the board of Yes Bank and imposed a month-long moratorium. Rbi told to customers not to panic in the situation of cash withdrawal
Mar 06, 2020, 09:08 AM IST
RBI hikes withdrawal limit for depositors of Punjab and Maharashtra Cooperative Bank to Rs 40,000
The RBI said in a press release that it has decided to hike the withdrawal limit from Rs 25,000 to Rs 40,000 after reviewing the bank’s liquidity position and its ability to pay its depositors.
Oct 14, 2019, 19:12 PM IST
RBI raises withdrawal limit of Punjab & Maharashtra Cooperative Bank Ltd customers from Rs 1,000 to Rs 10,000
In a major relief for thousands of customers of Punjab and Maharashtra Cooperative Bank Limited (PMC), Mumbai, the Reserve Bank of India on Thursday enhanced the withdrawal limit of the PMC customers from Rs 1,000 to Rs 10,000.
Sep 26, 2019, 15:54 PM IST
No ATM withdrawal limit from February 1, cap on savings accounts to continue
In a big relief to people and small businesses, RBI on Monday announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
Jan 30, 2017, 17:20 PM IST
Demonetisation: Withdrawal restrictions to be relaxed once 80% of new currency is remonetised, says report
Government is planning to relax restrictions on withdrawal limit once 80 percent of the new currency is re-channelised in bank deposits, said top government official.
Dec 15, 2016, 15:14 PM IST
Demonetisation: Assocham urges for higher cash withdrawal limit for transporters
In the wake of the November 8 demonetisation of high value currency, industry chamber Assocham on Sunday urged the government to increase the cash withdrawal limit for logistic and transport fleet owners since they need cash for meeting their expenses.
Nov 27, 2016, 21:01 PM IST
Enough cash available, assures government; hikes withdrawal limit of current accounts to Rs 50,000
Allaying fears of shortage, the Finance Ministry Monday said there is enough cash in the system and delivery channels are being augmented across the country to help cash-starved citizens.
Nov 14, 2016, 17:38 PM IST
Demonetisation: Withdrawal amount from ATMs increased to Rs 2,500, exchange limit over counter raised to Rs 4,500
Daily limit for withdrawing cash from ATMs has been increased to Rs 2,500 from existing Rs 2,000 announced Ministry of Finance on Sunday.
Nov 13, 2016, 20:55 PM IST
Enhance withdrawal limit to avert disruption in essential supplies: Industry
The apex body representing the cargo and passenger transport industry has warned that the supply of essential items can get adversely impacted, if the current cash withdrawal limit is not enhanced.
Nov 12, 2016, 21:00 PM IST
