Tag: Unstructured Supplementary Service Data (USSD)

Demonetisation cap: Daily limit hiked to Rs 10k, but weekly stays at Rs 24k

In a move that will bring relief to small traders and businessmen, the Reserve Bank of India (RBI) on January 16 allowed them to withdrawal cash from current accounts of Rs 1 lakh per week compared with just Rs 50,000 earlier. The facility will be applicable to overdraft and cash credit accounts …