RBI restricts withdrawals from Jan Dhan accounts up to Rs 10,000
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The Reserve Bank has placed a limit of 10,000 rupees on monthly withdrawals from Pradhan Mantri Jan Dhan bank accounts and who want to withdraw more than 10,000 a month, will have to furnish appropriate documents to prove why they need the money.
RBI, in a notification, said the move is with the objective of protecting innocent farmers and rural account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) from money launderers and legal consequences under the Benami Property Transaction and Money Laundering laws.
The notification said, fully Know Your Customer (KYC) compliant account holders may be allowed to withdraw 10,000 rupees from their account in a month. The apex bank also said, limited or Non KYC compliant account holders may be allowed to withdraw 5,000 rupees per month. #casansaar (PTI - NewsonAir)
RBI, in a notification, said the move is with the objective of protecting innocent farmers and rural account holders of Pradhan Mantri Jan Dhan Yojana (PMJDY) from money launderers and legal consequences under the Benami Property Transaction and Money Laundering laws.
The notification said, fully Know Your Customer (KYC) compliant account holders may be allowed to withdraw 10,000 rupees from their account in a month. The apex bank also said, limited or Non KYC compliant account holders may be allowed to withdraw 5,000 rupees per month. #casansaar (PTI - NewsonAir)
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