Be ready to submit a host of documents, including the invitation card, copies of receipts for advance payments already made, such as marriage hall booking and to caterers, as proof if you wish to make a cash withdrawal to perform and celebrate the wedding of your child.
While setting a maximum withdrawal limit of ₹2.50 lakh from bank deposit accounts till December 30, 2016, out of the balances at credit in the account as at close of business on November 08, 2016, for the purpose of celebration of wedding, the RBI said the application for withdrawal should also be accompanied by a detailed list of persons to whom the cash withdrawn is proposed to be paid.
Further, the application should have a declaration from such persons (the recipients) that they do not have a bank account. The list should indicate the purpose for which the proposed payments are being made. The amounts can be withdrawn only if the date of marriage is on or before December 30, 2016. Withdrawals can be made by either of the parents or the person getting married – that is, only one of them will be permitted to withdraw.
“With a view to enable members of the public to perform and celebrate weddings of their wards, it has been decided to allow higher limits of cash withdrawals from their bank deposit accounts to meet wedding-related expenses.
“Yet, banks should encourage families to incur wedding expenses through non-cash means — cheques/drafts, credit/debit cards, prepaid cards, mobile transfers, internet banking channels, electronic funds transfer, etc. Therefore, members of the public should be advised, while granting cash withdrawals, to use cash to meet expenses which have to be met only through cash mode,” the RBI said.
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