Cash WithdrawalIn a significant decision, the Reserve Bank of India (RBI) has raised the weekly cash withdrawal limit on savings accounts to Rs 50,000 from the existing Rs 24,000. The limit will be completely withdrawn from March 13, 2017.

The RBI also said that currency in circulation is worth Rs 9.92 lakh crore as on January 27. The withdrawal limit on current accounts is Rs 1 lakh per week.

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In a significant decision, the Reserve Bank of India (RBI) has raised the weekly cash withdrawal limit on savings accounts to Rs 50,000 from the existing Rs 24,000. The limit will be completely withdrawn from March 13, 2017. The RBI also said that currency in circulation is worth Rs 9.92...