Limit of Exchanging Notes drops from 4500 to 2000

Please follow and like us:

The Government of India announced a new set of measures to manage cash crunch after demonetization policy last week.


Measures taken are as follows:

  • The Limit of Exchanging old notes to get new has been reduced from Rs. 4500 to Rs. 2000 from Friday. On the other hand, Withdrawal limit has been raised from Rs. 4000 a few days back.
  • Families are allowed to withdraw up to Rs. 2.5 lakh for the wedding but from only one account.
  • Vegetable wholesale market traders will be allowed to withdraw Rs. 50,000 per week to pay for expenses like wages.
  • Farmers are allowed to withdraw up to Rs. 25,000 a week against loans sanctioned to them to buy seeds and fertilizers.
  • The time limit for the payment of insurance premium on crop loan has been extended by 15 days.
  • Government employees will be given an option to draw a salary in advance in cash.

For more updates, do Subscribe to our newsletter and follow us on FacebookTwitter, and Google+.

Leave a Reply

Your email address will not be published.

The content and images used on this site are copyright protected and copyrights vests with their respective owners. We make every effort to link back to original content whenever possible. If you own rights to any of the images, and do not wish them to appear here, please contact us and they will be promptly removed. Usage of content and images on this website is intended to promote our works and no endorsement of the artist shall be implied. Read more detailed ​​disclaimer
Copyright © 2022 All rights reserved.
× How can I help you?