Cash withdrawal limit increased on PM Jan Dhan accounts
Cash withdrawal limit increased on PM Jan Dhan accounts . The Reserve Bank on November 29 increased the maximum cash withdrawal limit from PMJDY fixed accounts to be10,000 per month. Account holders whose bank accountsare opened under PMJDY and not complied with the KYC (KYC- Know Your Customer) will be able to withdraw 5000 cash per month.
Important fact related to Prime Minister Jan Dhan accounts
- Changes in the rules for cash withdrawal limit by the central bank were made after being informed about the black money deposited in the Jan Dhan bank accounts.
- India has demonetized Rs.1000 & Rs.500 currency from November 8.