RBI increases Weekly Cash Withdrawal Limit to Rs 50,000 from today

Reserve Bank of India (RBI) has increased the cash withdrawal limit from Savings Bank Account to 50,000 rupees from the existing 24,000 rupees from today.

RBI has also said that all limits on cash withdrawals from Savings Bank Account will be withdrawn from March 13.

Cash withdrawal limits have been imposed in view of the currency shortage following the demonetization on November 8 last year.