Saturday, 31 December 2016

Cash withdrawal limit from ATMs increased to Rs 4,500 per day


In a major relief for the common man, Reserve Bank of India (RBI) has increased the daily limit of ATM withdrawal to Rs 4500 from current Rs 2500 with effective from January 1st, 2017. 

RBI in a notification issued has said that there has been no change in the weekly withdrawal limit, which stands at Rs 24,000, including from ATM, for individuals and Rs 50,000 in case of small traders. It further said such disbursals will predominantly be in the denomination of Rs 500.

Source- The Indian Express


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