West Bengal CM Mamata questions restrictions on cash withdrawal

Questioning the restrictions imposed on cash withdrawal, West Bengal chief minister Mamata Banerjee said on Saturday the government cannot simply “snatch away” economic rights of the people.

Updated on: Dec 31, 2016, 15:33:38 IST

Kolkata | By Anonymous

Prefer HTon Google

Share via

Copy link

Questioning the restrictions imposed on cash withdrawal, West Bengal chief minister Mamata Banerjee said on Saturday the government cannot simply “snatch away” economic rights of the people.

West Bengal chief minister Mamata Banerjee (PTI Photo)

“Modi Babu, public are not beggars. Why are there still restrictions on cash withdrawal?,” Banerjee asked in a statement.

“50 days are now over. How can you take away the rights of citizens to withdraw their own hard-earned money ? A government just cannot snatch away people’s economic rights,” she said.

The Reserve Bank of India said last night that cash withdrawal limit from ATMs would be increased to Rs 4,500 per day from the current Rs 2,500 from January 1.

There has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from ATM, for individuals and Rs 50,000 for small traders.

Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.