Since the wedding season of 2016 is facing a major cash crunch due to demonetization, the Economic Affairs Secretary has announced some relief to those who have an upcoming wedding in the family.
The government has allowed the father or mother of the bride/groom to withdraw up to 2.5 lakhs for the wedding arrangements. This amount can only be withdrawn upon producing the Pan card and from a bank account that is KYC complaint.
Refer to the tweet by ANI.
Also, once withdrawn, no other member of the family can withdraw the same amount for wedding purposes.
We hope this change helps people spend more freely to plan their dream wedding.
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