RBI raises daily cash withdrawal limit to Rs 10,000 from Rs 4,500
Mumbai: In a surprising move, Reserve Bank of India (RBI) on Monday raised daily cash withdrawal limit at ATMs to Rs 10,000.
The cash withdrawal limit has been raised to Rs 10,000 with immediate effect, stated reports.
At Present, the daily cash withdrawal limit through cards was Rs 4,500.
The central bank has not made any changes to weekly withdrawal limit of Rs 24,000 through cheques at banks from savings account.
The RBI has also raised weekly withdrawal limit from current accounts to Rs 1 lakh. Earlier, it was Rs 50,000 from a KYC account.
The ATM cash withdrawal limit was fixed at Rs 2,000 after the demonetization of Rs 500 and Rs 1000 notes by Prime Minister Narendra Modi on November 8 last year. This was subsequently raised to Rs 2,500 and then to Rs 4,500 from January 1.