The government might allow people to withdraw their weekly limit of Rs 24,000 in a single ATM transaction, multiple sources told HT, as a severe cash crunch showed signs of easing nearly three months after the demonetisation of high-value banknotes. However, the weekly limit of Rs 24,000 is likely to be kept unchanged till February-end, highly-placed sources said. At present, customers can withdraw Rs 24,000 in a week though the single-day ATM limit is set at Rs 10,000. With the situation easing, customers are now withdrawing around Rs 3,500 in a single transaction, which has left the ATMs with extra cash. On an average, about Rs 12,000 crore is being provided for filling up the country’s 2.2 lakh ATMs compared to about Rs 13,000 crore before November 8.

Source: Hindustan Times January 27, 2017 15:50 UTC