Demonetisation by the numbers as of 29 November - News Summed Up

Demonetisation by the numbers as of 29 November


Since 8 November the Modi government has relaxed and altered many guidelines for cash withdrawal and deposit. Photo: BloombergNew Delhi: Twenty-one days after the Narendra Modi government decided to ban Rs500 and Rs1,000 currency notes, cash shortages persists across the country. The Rs1,000 note can now only be deposited to a bank account or exchanged at the RBI. • Rs2,000 – The daily cash withdrawal limit per savings account for customers on any bank ATM. • Rs2,500 – The daily cash withdrawal limit per current account for customers on any bank ATM.


Source: Mint November 29, 2016 13:09 UTC



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