RBI Sends New Year Greetings By Increasing ATM Withdrawal Limit To Rs 4,500 From January 1

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TNN & AGENCIES DECEMBER 31, 2016 50 days after demonetisation, and subsequent limit of cash withdrawal, the Reserve Band of India (RBI) has decided to increase the cash withdrawal limit from ATMs to Rs 4,500 per day from the present Rs 2,500 with effect from January 1.

“On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing Rs 2500/- to Rs 4500/- per day per card. There is no change in weekly withdrawal limits. Such disbursals should predominantly be in the denomination of Rs 500,” said RBI in a statement.

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