Cash withdrawal limit (ATM) enhances RBI
RBI enhances cash withdrawal limit from ATMs to Rs 10,000 per day per cardAtm Withdrawl limitRBI
- Daily withdrawal limit from ATMs raised to Rs 10,000 from the existing Rs 4,500
- No change in the Rs 24,000 weekly withdrawal limit
- Limit on withdrawal from current account increased to Rs 1,00,000 per week
welcome move towards increase of cash withdrawal limit, the Reserve Bank of India (RBI) on Monday decided to increase the cash withdrawal limit from ATMs to Rs 10,000 per day from the present Rs 4,500 with immediate effect.
However, there is no change in the weekly withdrawal limits, which stays at Rs 24,000.
“The limit on withdrawals from ATMs has been enhanced from the current limit of Rs 4,500 to Rs 10,000 per day per card. It will be operative within the existing overall weekly limit,” the central bank said in a statement.
The limit on withdrawal from current accounts has been enhanced from the current limit of Rs 50,000 per week to Rs 1,00,000 per week. This also extends to overdraft and cash credit accounts.