To Check Misuse, Rs. 10,000 Withdrawal Limit On Jan Dhan Accounts

Withdrawals from zero balance Jan Dhan accounts will be limited to Rs. 10,000 a month for now, the Reserve Bank of India said today, calling it a move to "protect innocent farmers" and others from money laundering after the notes ban. Banks can allow withdrawals beyond Rs. 10,000 only after establishing the genuineness of cases [...]