Cash withdrawal limit from Jan Dhan accounts to Rs. 10,000 a month
According to reports, the move has been taken to protect farmers from money launderers.
This notification applies to 'know your customer' (KYC) compliant Pradhan Mantri Jan-Dhan Yojana+ (PMJDY) accounts funded through deposits of new bank notes after November 9, 2016.
On November 8, the Centre scrapped Rs 500 and Rs 1,000 notes, and a day later banks began to dispense the new Rs 500 and Rs 2,000 notes
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.