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How Much Money Can Be Withdrawn At A Time?

By on November 10, 2016

How Much Money Can Be Withdrawn At A Time. After the surgical strike on the black money by Narendra Modi, all the Rs. 500 and Rs. 1000 notes were banned in the country.  Modi has requested the people of the country to cope up with the situation for a while until things settle.  Meanwhile, many people were worried about the notes and were confused about how much to draw and how much to deposit in the banks.

The news Rs. 500 and Rs. 2000 notes will be available for circulation from Thursday.  There are certain limitations on the amount to be deposited and amount to be withdrawn from the bank.  How Much Money Can Be Withdrawn At A Time, at present, people can only deposit or withdraw Rs. 10, 000 per day and can deposit or withdraw about Rs. 20, 000.

Modi has announced that the new notes will be launched in limited edition for the time being and that there will be a full length release in the future.

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