Friday, 23 December 2016

Demonetisation: money withdrawal limit time limit could also be prolonged beyond December 30, says SBI Chairman

stock market tips
New Delhi: at the same time as the window for depositing demonetised notes ends on December 30, the constraints on cash withdrawal from banks and automatic teller machines (ATMs) are anticipated to proceed for a little bit longer.
 As per a document in the Hindu, SBI Chief Arundhati Bhattacharya stated that she does no longer are expecting the “restrictions to move overnight until the banks get more cash.”
“now we have to look… if there's money i'll provide it, if there is not any cash, whether limit or no restrict, I can't provide it. we will best give what is to be had with me,” Hindu stated quoting Bhattacharya
meanwhile in an exclusive interview to CNN-News18 on demonetisation informed that the withdrawal deadline may be prolonged soon.

Following the demonetisation of 500 and 1,000 rupee notes on November eight by way of prime Minister Narendra Modi, the government allowed withdrawal of as much as Rs 24,000 per week per person via cheque and Rs 2,500 from ATMs.
Author : Wealth Research

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