Lok Sabha Question No. 1786 (UNSTARRED), answered on 2017-03-10
Subject: Cash Withdrawal Restriction
Ministry: FINANCE
Asked by: MANOJ RAJORIA, R.K. BHARATHI MOHAN

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO.1786

TO BE ANSWERED ON THE 10 th  March 2017/ Phalguna 19, 1938 (SAKA)

## Cash Withdrawal Restriction

## QUESTION

## 1786.   DR. MANOJ RAJORIA: SHRI BHARATHI MOHAN R.K.:

Will the Minister of FINANCE be pleased to state:

- (a) the  details  of  total  deposit  of  money  made  in  various  Public  Sector  Banks/Private Banks till date, bank-wise;
- (b) whether  the  Government  proposes  to  impose  restriction  on  cash  withdrawal  from Savings  and  Current  Bank  accounts  till  date,  if  so,  the  details  thereof  and  the  reasons therefor; and
- (c) the manner in which demonetised money deposited in the bank account is to be used for  the  development  of  disadvantaged,  differently  abled  and  vulnerable  sections  of  the population?

## ANSWER

## The Minister of State in the Ministry of Finance (SHRI SANTOSH KUMAR GANGWAR)

(a)  to  (c):  The  bank-wise  details  on  outstanding  total  deposits  reported  by  Public  Sector Banks and Private Sector Banks as on March 31, 2016 and December 31, 2016 are given in the Annexure.

In the wake of withdrawal of Specified Bank Notes since November 09, 2016, Reserve Bank  had  capped  withdrawal  limits  on  ATMs  and  bank  branches  on  saving  and  current accounts. It gradually raised limits from Rs 2,000 a day to Rs 4,500 a day to Rs 10,000 a day while maintaining the overall weekly ceiling of Rs 24,000 on saving account. However, from 1 st February, RBI removed the limits on withdrawal from current account. The withdrawal limit  was  raised  to  Rs  50,000  from  Rs  24,000  per  week,  effective  February  20,  2017  on saving bank accounts.

Demonetised money  is taken out of the system and those currencies are not having any legal tender status from 9 th  November, 2016 onwards.

*******

LS USQ No. 1786 regarding 'Cash Withdrawal Restriction'Data of Public & Private Banks on outstanding Total Deposits.

(Rs in crores)

| S.No.   | Bank/Bank Group Name                             | Total deposits as on   | Total deposits as on   |
|---------|--------------------------------------------------|------------------------|------------------------|
|         |                                                  | 31-Mar-16              | 31-Dec-16              |
| 1       | ALLAHABAD BANK                                   | 1,97,920               | 2,06,825               |
| 2       | ANDHRA BANK                                      | 1,74,302               | 1,90,506               |
| 3       | BANK OF BARODA                                   | 3,94,844               | 4,38,104               |
| 4       | BANK OF INDIA                                    | 3,77,308               | 4,25,625               |
| 5       | BANK OF MAHARASHTRA                              | 1,38,990               | 1,41,500               |
| 6       | BHARATIYA MAHILA BANK LTD.                       | 928                    | 937                    |
| 7       | CANARA BANK                                      | 4,50,788               | 4,76,017               |
| 8       | CENTRAL BANK OF INDIA                            | 2,66,184               | 2,98,972               |
| 9       | CORPORATION BANK                                 | 2,05,171               | 2,23,384               |
| 10      | DENA BANK                                        | 1,17,431               | 1,17,278               |
| 11      | IDBI BANK LIMITED                                | 2,63,855               | 2,96,338               |
| 12      | INDIAN BANK                                      | 1,72,652               | 1,78,280               |
| 13      | INDIAN OVERSEAS BANK                             | 2,18,556               | 2,04,244               |
| 14      | ORIENTAL BANK OF COMMERCE                        | 2,08,915               | 2,10,657               |
| 15      | PUNJAB AND SIND BANK                             | 91,250                 | 89,119                 |
| 16      | PUNJAB NATIONAL BANK                             | 4,93,855               | 5,57,749               |
| 17      | SYNDICATE BANK                                   | 2,35,162               | 2,50,586               |
| 18      | UCO BANK                                         | 1,90,885               | 1,92,358               |
| 19      | UNION BANK OF INDIA                              | 3,36,086               | 3,75,422               |
| 20      | UNITED BANK OF INDIA                             | 1,16,401               | 1,27,713               |
| 21      | VIJAYA BANK                                      | 1,25,441               | 1,28,299               |
| 22      | STATE BANK OF BIKANER AND JAIPUR                 | 94,005                 | 1,07,434               |
| 23      | STATE BANK OF HYDERABAD                          | 1,37,174               | 1,49,971               |
| 24      | STATE BANK OF INDIA                              | 16,36,425              | 19,51,725              |
| 25      | STATE BANK OF MYSORE                             | 70,568                 | 80,348                 |
| 26      | STATE BANK OF PATIALA                            | 1,06,954               | 1,11,042               |
| 27      | STATE BANK OF TRAVANCORE                         | 1,01,119               | 1,13,093               |
| 28      | Public Sector Banks                              | 69,23,168              | 76,43,530 15,063       |
| 29      | CATHOLIC SYRIAN BANK LTD CITY UNION BANK LIMITED | 14,438 27,158          |                        |
| 30      |                                                  |                        | 29,986                 |
| 31      | FEDERAL BANK LTD JAMMU & KASHMIR BANK LTD        | 79,172 69,390          | 92,236 74,187          |
| 32 33   | KARNATAKA BANK LTD                               | 50,488                 | 57,435                 |
| 34 35   | KARUR VYSYA BANK LTD LAKSHMI VILAS BANK LTD      | 50,079 25,431          | 55,066 27,751          |
| 36      | NAINITAL BANK LTD                                | 5,311                  | 6,363                  |
| 37      | RBL BANK LIMITED                                 | 24,349                 | 30,005                 |
| 38      | SOUTH INDIAN BANK LTD                            | 55,721                 | 63,595                 |
| 39      | TAMILNAD MERCANTILE BANK LTD                     | 30,369                 | 32,006                 |
| 40      | THE DHANALAKSHMI BANK LTD                        | 11,354                 | 11,817                 |
| 41      | AXIS BANK LIMITED                                | 3,53,343               | 3,67,009               |
| 42      | BANDHAN BANK LIMITED                             | 12,089                 | 19,463                 |
| 43      | DCB BANK LIMITED                                 | 14,926                 | 18,840                 |
| 44      | HDFC BANK LTD.                                   | 5,39,707               | 6,29,109               |
| 45      | ICICI BANK LIMITED                               | 4,10,426               | 4,57,393               |
| 46      | IDFC BANK LIMITED                                | 8,219                  | 27,001                 |
| 47 48   | INDUSIND BANK LTD BANK LTD.                      | 93,000 1,38,643        | 1,19,218 1,49,353      |
| 49      | KOTAK MAHINDRA YES BANK LTD.                     | 1,11,720               | 1,32,374               |
| 50      | Private Sector Banks                             | 21,25,332              | 24,15,270              |

Source: Reserve Bank of India. *******