MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 18th November, 2016

S.O. 3488(E).— In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407 (E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 2, after clause (ix), the following clauses shall be inserted, namely:—

“(x) the limits for cash withdrawal by farmers from their loan and other accounts shall be such, as may be specified by the Reserve Bank of India;

(xi) for wedding expenses a maximum of Rs. 2,50,000/- may be withdrawn in cash from the bank accounts, subject to such conditions as may be specified by the Reserve Bank of India.”.

[F. No. 10/03/2016-Cy.I]

Dr. SAURABH GARG, Jt. Secy.

Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3407 (E) dated the 8th November, 2016 and subsequently corrected vide notification number S.O. 3418 (E) dated the 9th November, 2016 and amended vide S.O. 3446 (E) dated the 13th November, 2016, S.O. 3449 (E) dated the 14th November, 2016 and S.O. 3479 (E) dated the 17th November, 2016.


List of Related Notification by Ministry of Finance is as follows :-

Title Notification No. Date
Notification relaxing cash withdrawal for farmers & for Wedding S.O. 3480(E) 17/11/2016
Notification relaxing cash withdrawal by APMC Traders & Change in Cash Exchange Limit S.O. 3479(E) 17/11/2016
Notification relaxing cash withdrawal for farmers & for Wedding S.O. 3480(E) 17/11/2016
Notification relaxing cash withdrawal by APMC Traders & Change in Cash Exchange Limit S.O. 3479(E) 17/11/2016
No Change in ATM Cash withdrawal Limit from 19.11.2016 S.O. 3449(E) 14/11/2016
Exemptions for acceptance of old Rs. 500 & 1000 notes to continue till 24.11.2016 S.O. 3448(E) 14/11/2016
Exceptions to withdrawal of ₹ 500 & ₹ 1000 Banknotes S.O. 3447(E). 13/11/2016
RBI Increases Daily / Weekly / ATM Cash withdrawal limit S.O. 3446(E) 13/11/2016
Exemptions to cancellation of Rs. 500 & 1000 notes to continue till 14.11.2016 S.O. 3445(E). 11/11/2016
Govt notifies withdrawal of bank notes of ₹ 500 & 1000 S.O. 3418(E) 08/11/2016
Govt notifies denomination of ₹ 2000 Bank note S.O. 3417(E) 09/11/2016
Use old 500 & 1000 notes on Toll Plaza, for LPG Cylinder etc. S.O. 3416(E) 09/11/2016
Old demonitised notes can be used to pay Govt Tax, Fees & Penalty S.O. 3429(E). 10/11/2016
Govt notifies denomination of ₹ 2000 Bank note S.O. 3409(E) 08/11/2016
Exceptions to withdrawal of ₹ 500 & ₹ 1000 Banknotes S.O. 3408(E) 08/11/2016
Govt notifies withdrawal of bank notes of ₹ 500 & 1000 S.O. 3407(E) 08/11/2016
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