KL News Network
Srinagar
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.”
