RBI relaxes cash withdrawal limits from bank accounts

• The Reserve Bank of India late Monday issued a notification relaxing current cash withdrawal limits of legal tender notes at banks and ATMs on or after November 29
• The withdrawals will be available in higher denominations bank notes of Rs 2000 and Rs 500.

Goa will be first state to go cashless from December 31

• Goa becomes the first state in India to go cashless from December 31
• One has to dial *99# from their mobile phone, not necessarily a smart phone, and follow the instructions to complete the transcation.

Ola teams up with SBI, PNB for setting up mobile ATMs.

• Indian online transportation network company Ola cabs has tied up with lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to set up mobile ATM in the cab to help people withdraw cash easily.