New Delhi: In a major relief for the common man post the demonetisation move, the Reserve Bank of India on Monday relaxed the daily ATM withdrawal limit to Rs 10,000 from the earlier cap of Rs 4,500. However, the weekly withdrawal limit of Rs 24,000 remains unchanged.
On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:
(i) 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).
(ii) 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 and it extends to overdraft and cash credit accounts also.
- There are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue.