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Demonetisation of high currency notes has taken a turn with the Reserve bank of India on Wednesday issuing a notification saying that Jan Dhan Account holders will be allowed to withdraw only Rs 10,000 a month, as a temporary measure.

The notification said, “With a view to protecting the innocent farmers and rural account holders of PMJDY from activities of money launders and legal consequences under the Benami Property Transaction & Money Laundering laws, it has been decided to place certain limits, as a matter of precaution, on the operations in the PMJDY accounts funded through deposits of Specified Bank Notes after November 9, 2016.”


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