Cash withdrawal Limit from ATMs Enhanced to Rs. 4,500 from December 30, 2016 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, December 31, 2016

Cash withdrawal Limit from ATMs Enhanced to Rs. 4,500 from December 30, 2016

Reserve Bank of India (RBI) has released a circular dated 30.12.2016 and enhanced the daily ATMs withdrawal Limit from Rs. 2,500 to Rs.4.500. 

However Weekly / Daily Limit of Bank (including ATM) still unchanged and maintained at same level of Rs. 24.000.

Further RBI has also directed that Bank that Cash from ATMs shall be  disbursed mainly in the denomination of Rs. 500 Notes.

RBI Notification
RBI/2016-17/204
DCM (Plg) No. 2142/10.27.00/2016-17
December 30, 2016

The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/
Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks
District central Cooperative Banks

Dear Sir,

Cash withdrawal from ATMs – Enhancement of daily limits
Please refer to our circular DCM (Plg) No. 1424/10.27.00/2016-17 dated November 25, 2016 on “Withdrawal of cash from bank deposit account - Relaxation”.

On a review of the position, the daily limit of withdrawal from ATMs has been increased (within the overall weekly limits specified) with effect from January 01, 2017, from the existing ₹ 2,500 to ₹ 4,500  per day per card. There is no change in weekly withdrawal limits.Such disbursals should predominantly be in the denomination of ₹ 500.

The relaxation of withdrawal limits as enabled by our circular DCM (Plg) No. 1437/10.27.00/2016-17 dated November 28, 2016 remains unchanged.

Yours faithfully,
(P. Vijaya Kumar)
Chief General Manager
Cash withdrawal Limit from ATMs Enhanced to Rs. 4,500 from December 30, 2016 Reviewed by S. Chitra on December 31, 2016 Rating: 5 Reserve Bank of India (RBI) has released a circular dated 30.12.2016 and enhanced the daily ATMs withdrawal Limit from Rs. 2,500 to Rs.4.500...

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