RBI’s New Rule: Cash Withdrawals Limited to ₹20,000 – What You Need to Know
The Reserve Bank of India (RBI) has made some drastic changes to regulations regarding cash transactions. Now, cash transactions above ₹20,000 are prohibited. This paradigm shift will encourage digital transactions and provide a stronger deterrent to tax evasion and financial opacity. This article provides a detailed description of these new rules, their implications for businesses … Read more