Note ban cash curbs are over

All limits on savings bank cash withdrawals post-demonetisation ended on Monday. In a two-stage process, the weekly withdrawal limit per account had been raised to Rs.50,000, from Rs.24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.

On January 30, RBI had ended all curbs on withdrawals from current accounts, cash credit accounts and overdraft accounts.

While lifting of ATM withdrawal limits represents full circle for these machines in respect of demonetisation, the return to normalcy in terms of cash available in them is still awaited, indicating the slow pace of remonetisation.

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