Bank withdrawal limit extended to Rs 2.5 lakh for weddings; Twitterati expects LOTS of wedding bells!

So, how do you prove you have a wedding in the family? Tweeple try and figure it out!

By: Trends Desk | New Delhi | Updated: November 17, 2016 2:26 pm
demonetisation, demonetisation and weddings, wedding withdrawal limit extended, 2.5 lakh wedding withdrawal, indian weddings, narendra modi, modi november 8, indian express, indian express news A sudden spurt in people getting married now?

To balance out what seems to be a poorly thought-out decision of demonetising old Rs 500 and Rs 1,000 notes in a matter of hours, the government has now announced some relief measures for farmers and families celebrating weddings. In a statement, the Economic Affairs Secretary Shaktikanta Das said, for wedding ceremonies, up to Rs 2.5 lakh can be withdrawn from the bank account which are Know your customer (KYC) compliant.

RELATED | Demonetisation: Huge relief for farmers, families celebrating weddings; curbs on cash counter withdrawals

This comes as a breather for many families during this peak wedding season as those organising weddings were in a fix while paying the various vendors involved in the ceremonies. Of course, this does not include Karnataka tycoon Gali Janardhana Reddy, who reportedly spent around Rs 500 crore to organise a lavish dream wedding for his daughter on November 16. At other places, guests have reportedly being presenting newlyweds with cheque shaguns and IOU envelops to get by.

ALSO READ | After LCD screen wedding invites, this Karnataka businessman is recreating Vijaynagara Palace as venue; price tag: Rs 500 cr!

As soon as the announcement of the withdrawal limit being relaxed came in, social media circles have been buzzing with reactions. While some have welcomed the decision, others have questioned why has the limit been relaxed only for those celebrating weddings and not those who have family members in private hospitals. Others are now busy collecting wedding cards and wedding details so as to figure out a way to avail of this ‘offer’. One Twitter user commented, “To get 2.5 L for weddings, what documents do I need? Wedding invitation? Photos of bride and groom? Dowry receipt? What?”

As some anticipate, following this news, it might just turn out to be the most active wedding season yet! Check out some of the hilarious propositions and ideas being tweeted out:

 

What do you think of this move by the government? Tell us in the comments below.

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  1. P
    Purnima
    Nov 17, 2016 at 3:51 pm
    Can both the party bride and bridegroom widrow 2.5 lakh
    Reply
    1. S
      sreedhar
      Nov 17, 2016 at 10:02 am
      knee jerk reactions from Govt. Too little and too late. They have already triggered an earthquake in the economy to kill a so called 'black money person' . Did anyone see that creature in the queue of 1000s waiting for the past 1 week ?
      Reply
      1. T
        TAPAN BANDHU
        Nov 18, 2016 at 7:59 pm
        MARRIAGE CEREMONY OF MY DAUGHTER, SCHEDULED TO BE HELD ON 9TH DECEMBER,2016. TODAY AT ABOUT 3 PM. I HAVE ATTENDED SBI, PRADHANNAGAR BRANCH, SILIGURI- 734003 ALONG WITH APPLICATION, XEROX COPY OF PAN CARD, AADHAAR CARD and CHEQUE FOR WITHDRAWAL AN AMOUNT OF RS.2 LAKHS FOR THE MARRIAGE PURPOSE BUT BRANCH MANAGER HAS NOT ALLOWED ME TO WITHDRAW THE MONEY. HE ALLOWED TO WITHDRAW ME ONLY RS. 24000/- . WHAT IS THE MEANING OF RULE AS DECLARED BY CENTRAL GOVT. REGARDING WITHDRAWAL OF RS. 2.5 LAKHS FOR MARRIAGE PURPOSE. BRANCH MANAGER IS NOT OBEYING THE GOVT. RULE. I DON'T KNOW HOW I MANAGE THE CEREMONY OF MY DAUGHTER? MY MOBILE NO. IS- 9932074135.
        Reply