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RBI raises cash withdrawal limit at ATMs from Rs 4.5k to Rs 10k

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 16 Jan 2017 5:00 PM GMT

RBI raises cash withdrawal limit at ATMs from Rs 4.5k to Rs 10k
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Cash withdrawal limit raised by Reserve Bank of India to avoid confrontation
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New Delhi: The Reserve Bank of India (RBI) on Monday enhanced the cash withdrawal limit at ATMs from Rs 4,500 to Rs 10,000 from today onwards.

The central bank, however, did not increase the weekly cap of Rs 24,000.

The weekly cash withdrawal limit for the current account holders from Rs 50,000 to Rs 1 lakh, stated the bank in an official announcement, adding, the limits are also applicable to overdraft and cash credit accounts.

Also Read: EC allots Akhilesh Yadav Samajwadi Party’s ‘cycle’ symbol

The central bank had imposed the cash withdrawal limits due to the Centre's November 8 decision of demonetisation of Rs 500 and Rs 1,000 currency notes.

Earlier on January 1, the Reserve Bank of India had relaxed the cash withdrawal limit at ATMs from Rs 2,500 to Rs 4,500.

Where people have welcomed the relaxation in cash withdrawal limit at ATMs, West Bengal Chief Minister Mamata Banerjee termed the move as eyewash.

https://twitter.com/MamataOfficial/status/820971023289950208

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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