In a big relief to people, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs with effect from 1 February 2017 and has also withdrawn all limits on Current Accounts and overdraft accounts with immediate effect. In a circular to the banks the RBI however stated the weekly limits of 24 thousand rupees on Savings Bank accounts will continue.
So, let’s discuss some questions related to this post:
Q1. RBI lifts ATM withdrawal limits, recently from…?
Ans1. Current Account
Source- All India Radio (AIR News)