Demonetisation: From today, cash withdrawal limit for savings account is Rs 50K

The cash withdrawal limit for savings bank accounts was relaxed to Rs 50,000 from Monday, a move announced by the Reserve Bank of India earlier this month.
The RBI had also said it would remove the withdrawal limit from ATMs and savings accounts from March 13, with the cash crunch triggered by the government’s demonetisation exercise easing across the country.
Several limits on cash withdrawals from banks and ATMs were imposed after the government’s surprise move to recall Rs 500 and Rs 1,000 on November 8 that led to severe cash crunch.

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