ATM Cash Withdrawal Limit Increased to Rs 4500 From Rs 2500
After Cash Ban/ demonitization, People Are suffering in india at banks to take money. The queue lines are increasing day to day due to currency problems. Atl ast, today on December 31st ATM Withdrawl Limits has been increased to 4500 Rs. Normally, till Now Withdrawal limit is Rs 2500 Only. its a some what Good news for People. This changes would be Effective from January 1st, 2017.
These New Withdrawal Limits effective from January 1st. The government had so far resisted hiking the withdrawal limit as majority of the ATMs were yet to be re calibrated for dispensing new Rs 500 and Rs 2,000 notes.
After demonetizing 500 and 1,000 rupee notes — which made up for 86 per cent of the total currency in circulation — the government had on November 8 set a cash withdrawal limit of Rs 2,000 per day from ATMs. This limit was to be raised to Rs 4,000 per day per card from November 19, 2016, but was revised to Rs 2,500 on November 15.
The withdrawal limit from banks presently is Rs 24,000 a week, including a maximum of Rs 2,500 from ATMs per day.
Cash withdrawal limit from ATMs increased to Rs 4,500 from Rs 2,500, its effective from January 1: RBI
— ANI (@ANI) December 30, 2016