MANU/RDCM/0002/2017

Ministry : Reserve Bank of India

Department/Board : Department of Currency Management

Circular No. : DCM(Plg)No.2559/10.27.00/2016-2017
                   RBI/2016-2017/213

Date : 16.01.2017

Notification/ Circulars Referred : Circulars DCM (Plg) No. 1274 MANU/RDCM/0019/2016;1317 MANU/RDCM/0028/2016;1437 MANU/RDCM/0038/2016;2142/10.27.00/2016-17 MANU/RDCM/0050/2016

Subject: Banking

Citing Reference:
Circulars DCM (Plg) No. 1274 MANU/RDCM/0019/2016  Referred

1317 MANU/RDCM/0028/2016  Referred

1437 MANU/RDCM/0038/2016  Referred

2142/10.27.00/2016-17 MANU/RDCM/0050/2016  Referred

The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Co-operative Banks /
State Co-operative Banks/District Central Co-operative Banks

Dear Sir,

Enhancement of withdrawal limits from ATMs and Current Accounts

Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject.

2. On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:

(i) The limit on withdrawals from ATMs has been enhanced from the current limit of ` 4,500/- to ` 10,000/- per day per card (It will be operative within the existing overall weekly limit).

(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of ` 50,000/- per week to ` 1,00,000/- per week and it extends to overdraft and cash credit accounts also.

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

4. Please acknowledge receipt.

Yours faithfully,
(P. Vijaya Kumar)
Chief General Manager