BaBBu
Prime VIP
NEW DELHI: The Reserve Bank of India on Monday announced that the limits placed on cash withdrawals from ATMs stand withdrawn from February 1, 2017.
At present, the daily limit on cash withdrawals from ATMs is Rs 10,000.
The limits placed on cash withdrawals from current accounts/ cash credit accounts/ overdraft accounts also stand withdrawn with immediate effect, the RBI has said.
However, restrictions on withdrawal of Rs 24,000 a week from savings bank account will continue for now.
The central bank has said that the banks may at their discretion have their own operating limits.
When the government had announced demonetisation move on November 8 last year, it had capped the daily withdrawal limit to Rs 2000.
At present, the daily limit on cash withdrawals from ATMs is Rs 10,000.
The limits placed on cash withdrawals from current accounts/ cash credit accounts/ overdraft accounts also stand withdrawn with immediate effect, the RBI has said.
However, restrictions on withdrawal of Rs 24,000 a week from savings bank account will continue for now.
The central bank has said that the banks may at their discretion have their own operating limits.
When the government had announced demonetisation move on November 8 last year, it had capped the daily withdrawal limit to Rs 2000.
