India removes cash limits at ATMs but it won't help most of its citizens



India on Monday announced a major change to comfort its citizens in coping up with the cash crunched market, but the move unfortunately isn’t going to help the vast majority of its population.

Three months after India invalidated much of its cash and imposed a limit on how much money one could withdraw from ATMs, the government today announced some relief. 

The Reserve Bank of India said Monday it will be withdrawing the limits on current bank accounts from Feb. 1. The nation’s central banking institutions, however, hasn’t offered any comfort to savings accounts, which majority of people in the country possess.   Read more…

More about Cash, Money, India, Demonetization, and World

Source link


This site uses Akismet to reduce spam. Learn how your comment data is processed.