Cash withdrawal for purpose of celebration of wedding

Keeping in view the wedding season RBI vide its circular dated November 21, 2016 has decided to allow higher limits of cash withdrawals from their bank deposit accounts to meet wedding related expenses. However, the cash withdrawals shall be subject to the conditions as specified in the attached circular.

Banks are advised to keep a proper record of the evidence and produce them for verification by the authorities in case of need. The scheme will be reviewed based on authenticity/ bona fide use thereof.

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