KL News Network
The Reserve Bank of India (RBI) Friday increased the withdrawal limit from ATMs to Rs 4,500 per day from the current Rs 2,500.
This will be applicable from 1 January.
However, the weekly withdrawal limit stands at Rs 24,000, including from ATM, for individuals (Rs 50,000 in case of small traders).
“On a review of the position, the daily limit of withdrawal from ATMs has been increased with effect from 1 January 2017, from the existing Rs 2,500 to Rs 4,500 per day per card,” the central bank has said in a notification.
The RBI’s notification further stated “there is no change in weekly withdrawal limits” and such disbursals “should predominantly be in the denomination of Rs 500.”