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Aug 28, 2015
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RBI doubles POS cash withdrawal limits
The Reserve Bank of India (RBI) has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from Rs 1000 to Rs 2000 a day. This will be available for debit cards and open system prepaid cards issued only by banks. RBI said the enhanced amount will add to customer convenience and aid re-cycling of cash in these centres.
Source -
http://www.business-standard.com
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