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CASH WITHDRAWAL RESTRICTION
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.- Retired with 100 stocks and Rs 60,000 SIPs? Expert explains how to simplify your portfolio and plan withdrawalsRetirees face a new challenge: managing wealth after decades of building it. Experts advise simplifying complex portfolios, especially thos...
- The rupee warning: Six actions for business leadersThe Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of fore...
- Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risksIndian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While ...
- RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
- Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained incomeA Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim o...
- PNB trims ATM cash withdrawal limit by 50% for these debit cards: Check list of impacted cardsPunjab National Bank is adjusting daily ATM cash withdrawal limits for certain debit cards starting April 1, 2026. Customers can now withdr...
- PIL in HC seeks lifting of restriction on cash withdrawal from PMC bankA bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Finance Ministry, Delhi government, RBI and the PMC bank...
- Opposition slams government for continuing restrictions on withdrawalsTMC, a bitter critic of the decision to junk old 500 and 1000 rupee notes, gave a notice under rule 267 for suspension of business of Rajya...
- Remonetisation nearly complete, says Shaktikanta Das"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This is also a matter of time," Eco Affairs Secy ...
- RBI may lift cash withdrawal caps but govt could scuttle planSome market experts anticipate that a tax could be levied on withdrawals beyond a limit to deter large withdrawals that could generate futu...
- Cash withdrawal restrictions likely to go away by February-endThe RBI recently raised the ATM withdrawal limit to Rs 10,000 a day but maintained the weekly cap at Rs 24,000 for saving A/C and Rs 1 L fo...
- Government may lower limit for quoting PAN number for cash transactionsIn addition to this disincentive, the government may also announce cash-handling charges for cash payments above a certain limit.
- Removal of restrictions on cash withdrawals only after assessment by RBI: FM JaitleyCurrently, an account holder is allowed to withdraw Rs 24,000 per week from the counters and Rs 4,500 per day from ATM.
- Mamata questions restrictions on cash withdrawalThere has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from ATM, for individuals and Rs 50,000 for s...
- FM Arun Jaitley meets select bankers to take stock of demonetisationThe central bank has infused Rs 5.92 lakh crore in the banking system between November 9 and Dec19 against Rs 15.4 lakh cr of scrapped note...
- Demonetisation: Restrictions on cash withdrawals likely to continue beyond December 30As Modi's 50-day deadline draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue
- 'Withdrawal restrictions to stay till 80 per cent of new currency is remonetised'Withdrawal restrictions will first be relaxed for co-op banks first and will be removed totally when remonetisation is complete, says a gov...
- Demonetisation has left us with no cash even for a decent dinner: Russian envoyDiplomatic missions of Ukraine, Kazakhstan, Ethiopia and Sudan have also sent protest letters on cash withdrawal restrictions.
- Government puts off raising ATM withdrawal limit to Rs 4,000/dayCash withdrawal from current accounts, which have been in operation for at least three months, has also been restricted to Rs 50,000 in a w...
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