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WITHDRAWAL NORMS

RBI relaxes withdrawal norms, nudges retailers to deposit cash

RBI relaxes withdrawal norms, nudges retailers to deposit cash

Wed, Nov 30, 2016

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, Reserve Bank of India (RBI) has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.

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