Getting married in December? Here's how much you can withdraw

Nov 23, 2016, 08:37 IST | A Correspondent

The Reserve Bank of India has laid down certain withdrawal guidelines for those tying the knot in December

>> Rs 2.5 L: Maximum withdrawal limit

>> Can withdraw money only on savings made before November 8

>> Can withdraw money only for weddings on or before December 30

>> Can withdraw only if the account is KYC compliant

>> Only the bride/groom or their parents can withdraw money

>> Need to prove that vendors receiving the money do not have bank accounts

>> Must have declaration letters from the vendors being paid stating they don’t have bank accounts

>> Invitation cards, advance payment receipts must be shown

- According to the Reserve Bank of India’s guidelines November 21 guidelines

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