RBI Increases The Cash Withdrawal Limit From ATMs To 10,000

Every card has a limit of Rs 24,000 per week.

cash withdrawal, ATM, demonetization, 1000notes, 500notes

Giving a huge relief to the masses, Reserve Bank of India RBI has finally increased the cash withdrawal limit at the ATMs. Now the customers can withdraw Rs 10,000 or less in one day, up from the earlier limit of Rs 4,500. Every card has a limit of Rs 24,000 per week.

RBI has also increased the limit for current accounts cash withdrawal to Rs 1,00,000 from Rs 50,000 as per the notification issued to the banks.   

This will ease the cash crunch situation that shook up the economy after announcement of demonetization of old 500 and 1000 notes.

Title Image: dnaindia

News Source: indianexpress

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Sumaiya Sheikh (WRITER)

Sumaiya believes in expressing her thoughts with the sword of words. This management lover handled 30 and 100 volunteers for All India Interschool Personality Contest in 2013 & 2016 respectively, by Oxford Speakers’ Academy. A chatterbox, she also hosted three shows at All India Radio. This compotator represented KKSU in the inter-university debate competition - Indradhanushya.