RBI raises ATM withdrawal limit to Rs 10,000 per day from Rs 4,500
ATM withdrawal limit is enhanced from the current limit of Rs 4500 to Rs 10,000 per day
Bringing major relief to ATM users, RBI on Monday has decided to up the daily limit of cash withdrawal from ATMs to Rs 10,000 from Rs 4,500.
However, the weekly limit for withdrawal remain unchanged 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," RBI said on 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.
The RBI had revised the cash withdrawal limit from Rs 2500 to Rs 4500 on December 28. The move was widely lauded by the majority of people who were hit by the cash ban.
After the Central government had decided to demonetise high-value currencies of Rs 1,000 and Rs 500, long queues had been formed outside banks and ATMs across the country.