Photo: Hemant Mishra/ MintMumbai: The Reserve Bank of India (RBI) removed cash withdrawal limits at ATMs from 1 February and on current accounts and overdraft accounts with immediate effect. After the demonetisation move on 8 November, the government had put in place cash withdrawal limits in wake of a cash crunch in the country. RBI had progressively increased the cash withdrawal limits at ATMs from Rs2,000 on 8 November to Rs10,000 per card, per day as of 16 January. Banks also have been asked to fix their own cash withdrawal limits, as has been the case before the demonetisation exercise. RBI has also removed all limits on cash withdrawals from current accounts/ cash credit accounts/ overdraft accounts with immediate effect.

Source: Mint January 30, 2017 12:02 UTC