No limit on cash withdrwals from 13 march 2017 and from 20th feb limit will be 50000

RBI Monetary Policy 8th Feb’17:

Key Rates Unchanged,

Bank Rate 6.75%,

Repo Rate 6.25%,

Reverse Repo Rate 5.75%,

CRR 4%,

Expected CPI Inflation 4 -4.5%.

Current Account Deficit expected below 1% of GDP.

Economic Growth to recover sharply in FY 2018.

Policy Stance shifted from ‘Accomodative’ to ‘Neutral’.

Saving Bank A/c withdrawal limit raised to Rs. 50000/- per week effective 20th Feb'17.

No limit on cash withdrawal after 13th March’17.