Enhancement of withdrawal limits from ATMs and Current Accounts- (Reserve Bank of India) (16 Jan 2017)

MANU/RDCM/0002/2017

Banking

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. 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 Rs. 4,500/- to Rs. 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 Rs. 50,000/- per week to Rs. 1,00,000/- per week and it extends to overdraft and cash credit accounts also.

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

Tags : LIMITS WITHDRAWAL ACCOUNTS