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RBI enhances limit for withdrawals from ATMs and current accounts

Updated: Jan 17, 2017 04:46:44am
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RBI enhances limit for withdrawals from ATMs and current accounts

New Delhi, Jan 17 (KNN) Making the situation a little easier for the public, Reserve Bank of India (RBI) has enhanced the limit for  withdrawals from ATMs and current accounts.

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).

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.

“On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect,” RBI said in a notification.

However, there are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue. (KNN Bureau)

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