Banking News

Withdrawal limits of ATMs and Current Accounts

Withdrawal limits of ATMs and Current Accounts

RBI in its circular no, RBI/2016-17/213/DCM (Plg) No.2559/10.27.00/2016-17 dated January 16, 2017, announced that;

The withdrawal limits of cash from ATMs is increased to Rs 10000/- per day per card from the current limit of ₹ 4,500/-.(It will be operative within the existing overall weekly limit of Rs.24000/-).

The withdrawal limits from current accounts is increased to  ₹ 1,00,000/- pe from the existing limit of ₹ 50,000/- per week( The facility is also extended to overdraft and cash credit accounts also.).

There are no changes in the other conditions. The relaxations as provided in RBI circular dated November 28, 2016, will continue.

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