CASH WITHDRAWAL FROM BANK

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1 Points Posted on 15 May 2020
RESPECTED SIR/MADAM
PLEASE SEND LIMIT OF CASH WITHDRAWAL FROM BANK
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On 15 May 2020 at 18:53 Report
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Quick Summary
This discussion clarifies that there isn't a universal RBI-set limit for cash withdrawals from banks. Instead, withdrawal limits are determined by individual banks. For withdrawals exceeding one crore, specific conditions and interest rates on Term Deposits (TDs) may apply, with current TD rates at 2%.

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12244 Points Posted on 15 May 2020
There's no specific limit for withdrawal from bank
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On 15 May 2020 at 23:36
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Finance/Compliance Consultant
69650 Points Posted on 16 May 2020
It depends from Bank to Bank....RBI does not have a genetic rule on the same.
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On 16 May 2020 at 00:06
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Profession
28271 Points Posted on 16 May 2020
Less than 1 crore .
more than 1 crore . rate of TDs- 2%

rate reduced at present.
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On 16 May 2020 at 11:35
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TAX CONSULTANT
162 Points Posted on 16 May 2020

 

Less than 1 crore .
more than 1 crore . rate of TDs- 2% 
  Less then 1 cr limit for hole year or one time withdrawal 

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On 16 May 2020 at 12:54

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