RETAIL BANKING | Staff Reporter, India

India lifts limits on cash withdrawals from banks and ATMs

That is after 4 months of imposing the restrictions.

According to the Hindustan Times, the limits on withdrawing cash from banks and ATMs ended [March 13], four months after they were imposed following the demonetisation of old Rs 500 and Rs 1,000 notes, which created a currency shortage across the country.

Ever since the government’s surprise move to ban the high-value notes on November 8, the Reserve Bank of India (RBI) has been gradually relaxing the limits.

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