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<root>
    <author>ENA</author>
    <category>Sectors</category>
    <date>2016-11-21 09:02:40</date>
    <fulldesc>&lt;p&gt;&lt;strong&gt;New Delhi, Nov 21 (KNN)&lt;/strong&gt; The holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, can now withdraw upto Rs 50000 in cash, in a week, RBI has said.&lt;/p&gt;&#13;
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&lt;p&gt;Earlier RBI had given this relief just to the current account holders (applicable to Current Accounts which are operational for last three months or more).&lt;/p&gt;&#13;
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&lt;p&gt;They were allowed to withdraw up to Rs 50000 in cash, in a week.&lt;/p&gt;&#13;
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&lt;p&gt;On a review, it has been decided to extend this facility to Overdraft and Cash Credit accounts also. Accordingly, holders of current / overdraft / cash credit accounts, which are operational for the last three months or more, may now withdraw upto Rs 50000 in cash, in a week, RBI has said in a notification.&lt;/p&gt;&#13;
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&lt;p&gt;However, RBI has clarified that this enhanced limit for weekly withdrawal is not applicable for personal overdraft accounts.&lt;/p&gt;&#13;
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&lt;p&gt;Also the apex bank said such withdrawals may be disbursed predominantly in Rs 2000 denomination bank notes. &lt;strong&gt;(KNN Bureau)&lt;/strong&gt;&lt;/p&gt;&#13;
</fulldesc>
    <id>15824</id>
    <link>http://knnindia.co.in/news/newsdetails/sectors/holders-of-current-overdraft-cash-credit-ac-can-now-withdraw-upto-rs-50000-in-cash-per-week-rbi</link>
    <pubDate>2016-11-21 09:02:40</pubDate>
    <source>knnindia.co.in</source>
    <title>Holders of current / overdraft / cash credit a/c can now withdraw upto Rs 50000 in cash per week: RBI</title>
</root>
