Reserve Bank of India raises daily withdrawal limit from ATMs to Rs 10,000

Posted on:17 Jan 2017 11:40:36
Reserve Bank of India raises daily withdrawal limit from ATMs to Rs 10,000
17 January 2017 Current Affairs: The Reserve Bank of India on Monday more than doubled the daily withdrawal limit from automated teller machines (ATMs) to Rs 10,000 but retained the weekly ceiling at Rs 24,000 with the supply of more five hundred notes. RBI has increased the limit on withdrawal from current accounts from the existing limit of Rs 50,000 per week to Rs 1,00,000 per week. This hike will be applicable to overdraft and cash credit accounts.
The Reserve Bank of India on Monday more than doubled the daily withdrawal limit from automated teller machines (ATMs) to Rs 10,000 but retained the weekly ceiling at Rs 24,000 with the supply of more five hundred notes. RBI has increased the limit on withdrawal from current accounts from the existing limit of Rs 50,000 per week to Rs 1,00,000 per week. This hike will be applicable to overdraft and cash credit accounts.

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