RBI allows ₹50,000 weekly withdrawal from overdraft accounts
The Reserve Bank of India on Monday said that all overdraft and cash credit holders will now be able to withdraw up to ₹50,000 in a week. This will be applicable to accounts which are at least three months old, a release stated. Further, the ₹50,000 withdrawals may be disbursed predominantly in ₹2,000 denomination bank notes, the RBI added.