Cash Withdrawal restrictions 90 days post note ban

New Delhi: A TMC member of the Rajya Sabha on Wednesday asked the Centre to do away with cash withdrawal limit from banks and ATMs, saying that Prime Minister Narendra Modi had sought time of only 50 days to normalise the situation.

Raising the matter in the house soon after it met for the day, Sukhendu Sekhar Roy of Trinamool Congress (TMC) quoted Modi addressing the nation wherein he asked for 50 days time to normalise the cash flow after the demonetisation of 1,000 and 500 currency notes.

"It's 90 days today (Wednesday) since demonetisation. Prime Minister Narendra Modi had asked for 50 days. He had even said that if he fails, he could be taken out to a 'chauraha' (intersection) and be punished," Roy said.

"We don't want him to be taken there, but now people should be allowed to withdraw their money without any restriction," he added.

Modi government had banned currency notes of Rs 1,000 and 500 on November 8, 2016 and since then there have been restrictions on cash withdrawal from banks and ATMs.