RBI revised the withdrawal limits for Farmers & Traders

RBI vide its circular dated November 21, 2016 has allowed farmers to draw upto ₹ 25000/- per week in cash from their loan (including Kisan Credit Card limit) or deposit accounts subject to their accounts being compliant with the extant KYC norms.

RBI has also allowed all current account holders to withdraw, in cash, ₹ 50,000/- in a week from their current account subject to certain terms and conditions and the same is being now extended to the traders registered with APMC markets/mandis.

For more details, please refer the attached circular.

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