Withdrawal limits for corporate O/D & CC

RBI has vide its notification dated 21st November, 2016 allowed corporate overdraft and cash credit account holders to withdraw upto Rs.50,000/- a week by cash, most of which will be given by Rs.2000/- notes. The O/D or C/C limits should have been operational for minimum 3 months as on the date of this notification.

This is not applicable to individual overdraft facilities.

https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10722&Mode=0

 

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s