The below is based on your inputs:

To prevent laundered money getting quickly converted into black money again the Govt will need some time to identify and take action on accounts where laundering has taken place.

It is proposed that a limit on cash withdrawal be placed for six months.

Cash withdrawal criteria would be the higher of 12 monthly (Oct15-Nov16) average historical balance or a 10,000 per month for Jan-Dhan and 50,000 per month for all other accounts.

Do you support such a withdrawal limit model?

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