BANKING CORRESPONDENTS (BCS) NETWORKBanks will increase the cash holding limit of BCs to at least Rs 50,000 each. Banks will replenish the cash with BCs multiple times in a day as per requirement of the BCs. The above decisions will facilitate wider reach in the rural areas for exchange and withdrawal of cash from Bank Accounts. NETWORK AND REACH OF THE BANKSThe withdrawal limit of Rs 20,000 per week has been enhanced to Rs 24,000. As and when they are recalibrated, the cash limit of such ATMs will stand enhanced to Rs 2500 per withdrawal.

Source: India Today November 14, 2016 15:19 UTC