Daily withdrawal limit from ATMs increased to Rs 4500 per day

Mumbai, Dec 31 (KNN) The daily limit of withdrawal from ATMs has been increased from Rs 2500 per day to Rs 4500 per day per card.

“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,” RBI said in a notification.

There is no change in weekly withdrawal limits. Such disbursals should predominantly be in the denomination of Rs 500, RBI said.

RBI had said it had issued a total of 22.6 billion notes of various denominations during the demonetisation process until December 19. Of this, 20.4 billion were Rs 10, Rs 20, Rs 50 and Rs 100 notes while 2.2 billion were Rs 500 and Rs 2,000 notes.