17 November 2016

Demonetisation: Govt Made Some Changes to the rules on Currency Exchange

The Government has made few changes to the rules on currency exchange.
*Farmers can draw up to Rs 25000 a week against crop loans.
*Mandi traders can draw up to Rs 50000.
*Up to Rs 2.5 L can be withdrawn for weddings from KYC compliant accts.
*Time limit for crop insurance premium extended.
*Limit for over the counter exchange of defunct currency will be reduced from 
  Rs 4500 to Rs 2000 from 18th Nov.