Thursday, February 28, 2013

Rupee Coop Bank to propose relaxation in withdrawal limit

.........."Many pensioners, small and medium business enterprises and charitable institutions are suffering because of the restrictions on withdrawal imposed by the Reserve Bank of India (RBI). We will draft a proposal recommending increase in the limit from Rs 1,000 per day per person per account to Rs 5,000 for pensioners and people under medical treatment. The limit can be increased to Rs 1 lakh for charitable institutions."..............

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