Limits on cash withdrawals from savings bank accounts have been enhanced to Rs 50,000 per week from the earlier Rs 24,000, the Reserve Bank of India (RBI) said in a notification. It added that from March 13, that there will be no limits on cash withdrawals from savings bank accounts. On November 8, the government demonetized of Rs 500 and Rs 1000 notes which accounted for around 86% of the currency in circulation. The RBI has been slowly remonetizing the economy to current levels. Last month, withdrawal limits on current accounts, cash credit accounts, and overdraft accounts were been removed completely. The RBI also said that cash withdrawals limits from ATMs will be withdrawn from February 01, 2017. “However, banks may, at their discretion, have their own operating limits as was the case before November 8, 2016,” it added. Note that…
- India’s IT Rules: Controversial social media grievance committee proposal to go ahead September 27, 2022
- ‘Absolutist’ GDPR-like Data Protection Approach Not For India: Rajeev Chandrashekhar September 27, 2022
- Indian government blocks 45 videos and 11 channels on YouTube for ‘disrupting public order’ September 27, 2022
- Indian Telecommunication Bill, 2022: Understanding the bill’s impact on TRAI September 27, 2022
- Indian government did not follow Procedure While Issuing Blocking Directions: Twitter to Karnataka HC September 26, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...