Withdral limit
This query is : Resolved
gowri shankara rao
(Querist)
11 November 2016
Dear to All,
I got problem regarding Govt of India banned 500/- and 1000/- notes and facilitate withdrawal amount per day not exceeding 2000/- , My doubt is if i have a Company how much amount should withdrawn? limit per day 2000/- is applicable to Current account also or not
I got problem regarding Govt of India banned 500/- and 1000/- notes and facilitate withdrawal amount per day not exceeding 2000/- , My doubt is if i have a Company how much amount should withdrawn? limit per day 2000/- is applicable to Current account also or not
Amol S Joglekar
(Expert)
11 November 2016
There exists a "CASH management model" in banking industry. This model is based on the NORMAL conditions of economy, society etc.
You will perhaps agree that the current situation is ABNORMAL. So please do not try to apply the NORMAL rules.
Wait for a while. Once the new model of CASH management gets stabilised, (Expected to get stabilised in 10-15 days) you can withdraw whatever you want to from your current account.
You will perhaps agree that the current situation is ABNORMAL. So please do not try to apply the NORMAL rules.
Wait for a while. Once the new model of CASH management gets stabilised, (Expected to get stabilised in 10-15 days) you can withdraw whatever you want to from your current account.
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