RBI allows Rs 50K withdrawal per week for overdraft account holders
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Before this announcement, only current account holders could withdraw up to Rs 50,000 in cash in a week.
"On a review, it has been decided to extend this facility to Overdraft and Cash Credit accounts also," the central bank said.
RBI also announced that holders of current/overdraft/cash credit accounts, which are in operation for the past three months or more, can now withdraw Rs 50,000 in cash, in a week.
However, personal overdraft accounts won’t be able to enjoy the benefits of this new norm.
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