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Cash withdrawl from bank
is there any new provision that from 01.04.17 we can not withdraw cash above Rs. two lakh from bank in a single day.
Replies (2)
No restriction: on cash withdrawal from own accounts:
" The said restriction is not applicable to any receipt by Government, banking company, post office savings bank or co-operative bank. It has also been decided that the restriction on cash transaction shall not apply to withdrawal of cash from a bank, co-operative bank or a post office savings bank. Necessary notification in this regard is being issued." ....... CBDT
There is No restriction for withdrawal cash from Bank, Post office, CO-Operative etc more than 2 lakhs or more.
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