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RBI limits withdrawal from Jan Dhan accounts up to Rs 10,000

RBI limits withdrawal from Jan Dhan accounts up to Rs 10,000

The Reserve Bank of India (RBI) on Wednesday covered the withdrawal limit on Jan Dhan account. Fully KYC complaint account holders may be enabled to withdraw Rs 10,000 in a month.

But, further withdrawals may be enabled within current applicable limits after confirming the genuineness of such withdrawals, the RBI said.

Non KYC compliant account holders may b allowed to withdraw Rs 5,000 a month from amount deposited through SBNs within overall ceiling of Rs 10,000, RBI added.

Ever since Prime Minister Narendra Modi announced that Rs 500 and Rs 1000 notes will no longer remain legal tender, there have been a plenty of doubtful activity on tens of thousands of Jan Dhan accounts in the country.

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